Ashley Stewart and Quantum Foods will each place their assets on the auction block on Thursday, the Wall Street Journal reported on Saturday. Retailer Ashley Stewart Holdings Inc.’s auction will be led by private equity firm Clearlake Capital Group, which is offering $18 million in cash, subject to an inventory adjustment. The quick sale timeline is important, the company said, to assure others that Ashley Stewart isn’t going down the same path as other retailers that have liquidated recently. Separately, Quantum Foods LLC is going to auction on Thursday with an offer from Oaktree Capital. Oaktree’s bid consists of $54 million in cash and $30.3 million in assumed liabilities.
