Sharper Image is For Sale
The struggling speciality retailer The Sharper Image, which has been in Chapter 11 bankruptcy since February, announced Wednesday that it is putting itself up for sale, Reuters reported.
The company said a sale is the best course of action, due to the weakening economy and credit markets.
The news comes just two weeks after Sharper Image’s chairman, Jerry Levin, resigned in order to attempt a purchase of the company. Sharper Image did not specifically name Levin as the likely buyer, but did say it would like to have the sale done by the end of May.