With a bankruptcy auction already in the works, Dots LLC has "several" potential buyers interested in running the women's clothing retailer as a continuing business, according to Kenneth Rosen, a lawyer for the ailing chain, the Wall Street Journal reported today. "Several of the potential suitors are looking at Dots as a going concern — which is what the company wants to see," Mr. Rosen, of Lowenstein Sandler LLP, said yesterday. Court papers say that there is no committed opening bid yet, and hence no guarantee that Dots won't fall into the hands of liquidators at a planned Feb. 28 auction. However, interest among bidders in keeping Dots alive means hope for the 400-store chain of discount-clothing outlets and its 3,500 employees. Dots filed for chapter 11 protection Jan. 20 and signed up $36 million worth of financing from existing lender Salus Capital Partners LLC.
