Parties interested in buying the intellectual property assets of McEwens of Perth have been given until Wednesday June 1 to enter bids.
The initial deadline for the IP asset sale of the Scottish department store, founded in 1868, was Tuesday, May 17. Commercial IP consultant Metis Partners is handling the sale on behalf of KPMG and has stated bids must be a minimum of £25,000.
The IP assets include trade mark rights, rights over Boutique McEwens and ecommerce assets containing a selection of branded websites.
Baldwin said the sale had since “attracted interest from parties both from the UK and overseas”.
“We believe that the IP assets, and particularly the McEwens of Perth brand, would offer considerable opportunities for a purchaser to stand out among its competitors by preserving the brand for business,” he continued.
McEwens appointed lair Nimmo and Tony Friar of KPMG as joint administrators in March.