Daffy’s Finds a Buyer

Daffy’s Inc. (Secaucus, N.J.) has found a new owner in New York-based real estate company JEMB Realty Corp., which has signed an agreement to purchase the assets of discount chain. Daffy’s filed for chapter 11 bankruptcy protection earlier this year, with the intention to liquidate. This week, JEMB announced it has entered into an agreement to acquire Daffy's leasehold interests, some real estate and some intellectual property, Crain’s New York reports.

Financial terms of the agreement have not been disclosed.