Defunct KB sells trademarks

US toy retailer KB Toys has sold its trademark, logos and web addresses at a bankruptcy auction for $2.1 million.
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The bankruptcy court-supervised auction of the retailer's intellectual property winds down much of the remaining assets of the firm.

CE Stores, a retail operator, won the auction, beating out bids from the company's lenders and another retailer, Jimmy Jazz, according to Gabe Fried, founder of Streambank which managed the sale of the KB Toys intellectual property.

KB Toys filed for bankruptcy in December, citing a sharp drop in sales, and held going out of business sales at its approximately 460 stores early this year.

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