Tower Chapt 11
(TuneLab) As expected by many, Tower Records, America's leading independent music and entertainment retailer which owns and operates 89 Tower Records stores in 20 states has announced its intent to sell the company though a process under Chapter 11 Bankruptcy Code. The process is subject to court approval, but will insure the sale of the company within 60 days. Recently appointed CEO, Joseph D'Amico said, "Tower Records has conducted an extensive sale process and this step will allow buyers to complete a sale in time for the holiday season while maximizing the value for stakeholders." [see full story for more] - Click here for the Full Story

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