I wonder if any discount outlet chains like Olie’s or Big Lots will pick up any of the stock?
“I wonder what “Intellectual Property” they will be auctioning?”
My guess is the rights to the Squadron/Signal books.
Auctioning off the bits and pieces…
It’s amazing how at the end of it all a company is really nothing more than names on a document. Take away all the property and assets and POOF! it’s gone.
I remember when I received a letter from the Backruptcy Courts of Missouri, concerning my former employer, Payless Cashways INC., stating that all possible assets had been realized, remaining court cases settled and the company records were to be destroyed. A company that at one time had about 415 locations across the U.S. was reduced to a pile of papers sitting in a warehouse somewhere and that was all that remained - and that was to be destroyed! Just like that, they ceasted to exist, with only a few references to be found on the internet that they even existed.
Your post made me stop and reflect back on the many stores, some giants in the industry that just went puff over time. One of those places was Jordan Marsh, a high end dept. store that I worked in right after graduating from high school. I secured a position as a shoe salesman earning 8% commission after meeting my quota. Not bad money for a 17 year old to be making in 1973.
It was a very well known name here in Florida from the 50s thru early 90s when they went belly up.
I think of big auto companies that disappeared- Packard, Studebaker, American Motors(Nash), Dusenberg.
And Pontiac and Oldsmobile.