Bankruptcy Judge Mary Walrath approved the $40.8 million sale of golf retailer Edwin Watts to a duo of purchasers who could keep some of its 91 stores open, the Wall Street Journal reported today. After a court hearing yesterday, Judge Walrath cleared GWNE Inc., an affiliate of Worldwide Golf Shops, and liquidator Hilco Merchant Resources LLC to take over the chain after the buyers teamed up to win a bankruptcy auction earlier this week. The company hasn't said publicly how many stores will remain open, but court papers show that the purchasers plan to keep lease agreements at 49 locations.
