Auction June 12 to Sell Tattered Cover Draws at Least Eight Groups

At least eight groups have filed paperwork necessary to participate in an auction to purchase Tattered Cover on June 12, according to the Denver Business Journal, which cited a bankruptcy court filing this week by Tattered Cover. The Denver, Colo., bookseller added that "various other parties" have expressed interest but haven't yet filed the needed paperwork. None of the groups were named in the filing.

Tattered Cover filed for bankruptcy last October, closing three of its seven stores and letting go about a quarter of its 103 employees. In March, it submitted a plan to emerge from bankruptcy by June, but in April, it announced that there was interest from "individuals and businesses across the U.S." in buying the company, a move it had decided was "in the best long-term interests of the company, current investors, employees, suppliers, and Colorado's literary community."

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