DVS Shoe Co. Inc., which filed for Chapter 11 bankruptcy protection in California Central Bankruptcy Court last week, has set the date of June 13 to auction of its assets. The company is seeking a a minimum bid of $4.3 million. DVS Shoe sells shoes, clothes and accessories inspired by skateboarding, snowboarding and motocross under its DVS and Matix brands.
DVS said its revenue have been falling since the recession in 2008 and that it was forced to begin selling off inventory at closeout prices in 2009. DVS had sales of $53.8 million in 2011 and projects sales of $45 million this year, according to its filing
