P.C. Richard & Son has agreed to pay $1.8 million for remnants of bankrupt Nobody Beats The Wiz–including $200,000 for its customer lists, according to wire service reports.
The 44-store electronics and appliance retail chain plans to use the Wiz’s lists for direct mail and possible credit-card solicitations but offered no specifics.
The purchase, which also includes the Wiz’s names, logo, intellectual property, was approved last week by U.S. Bankruptcy Court Judge Mary Walrath in Wilmington, DE.
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