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Published on 3/16/2021 in the Prospect News Distressed Debt Daily.

Stock+Field gets approval to sell remaining assets for $1.75 million

By Sarah Lizee

Olympia, Wash., March 16 – Tea Olive I, LLC, which does business as Stock+Field, secured court approval to sell the assets remaining at the end of its store-closing sales to R.P. Acquisition Corp. for a cash consideration of $1.75 million, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Minnesota.

The closing of the sale will coincide with the end of the store-closing sales, to be no later than March 31.

Stock+Field is a premier farm, home and outdoor retailer operating 25 stores across Illinois, Indiana, Ohio, Michigan, and Wisconsin. The company filed Chapter 11 bankruptcy on Jan. 10 under case number 21-30037.


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