Bankrupt Calif. chain to sell off assets

December 5, 2007

Big A Drug Stores is expecting to liquidate the assets of its 19 Drug Emporium, Big A, Camelot Drugs, Drug Fair, and Drug Barn locations before the end of the year.

California-based Big A Drug Stores is selling off its 19 locations after being forced into bankruptcy by a creditor. The company has annual sales of $80 million and operated stores under the names of Drug Emporium, Big A, Camelot Drugs, Drug Fair, and Drug Barn. Big A is expecting to auction off the store locations on Dec. 21. In addition to selling its stores, Big A is also expecting to auction off its nonprescription inventory, which Business Week estimates to be worth nearly $10 million, and other assets before the end of the year.

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