so, farewell then tower records
October 9th, 2006 by Dave Allen
According to the Washington Post, “after a 29-hour auction, most of the bankrupt music retailer’s (Tower Records) assets were sold to liquidation firm Great American Group, which bid $134.3 million. The company out bid Albany, N.Y.-based retailer Trans World Entertainment by a mere $500,000. According to Tower attorney Peter Gurfein, Great American was set to begin liquidation and going-out-of-business sales Saturday.