Newport Beach, Calif.—Lugano Diamonds & Jewelry Inc. has found a buyer following its Chapter 11 bankruptcy filing in November.
The retailer had reached an agreement with Enhanced Retail Funding to help continue operations during the sale process. The investment firm also served as the stalking-horse bidder while Lugano hunted for a buyer, meaning it submitted the bid that served as the baseline for the sale process.
Enhanced Retail Funding ultimately was the buyer, as per a Dec. 20 court filing…