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Tweeter to Liquidate

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National liquidators Hudson Capital Partners and Tiger Capital have bought struggling electronics chain Tweeter, and the Canton merchant will likely be shuttered in the next four to six weeks, according to store employees.

A liquidation sale on the merchandise is underway, and the company will stop its installation services on Nov. 14th.

Tweeter's assets were purchased by the New York investment firm Schultze Asset Management in July 2007 for $38 million after Tweeter initially filed for bankruptcy protection last year. Schultze, which continued to operate Tweeter's roughly 100 stores, declined to comment. Jim Schaye, president of Hudson Capital Partners in Newton, confirmed the liquidation of Tweeter.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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