NAFA is the world's oldest fur auction house, with roots tracing back to 1670 when it was established by the historic Hudson's Bay Company. Currently in creditor protection, NAFA has recently finalized the sale of its assets, including intellectual property and properties in Poland and Wisconsin, in order to satisfy its creditors' debt.
Despite the ongoing process of realizing its remaining assets, NAFA believes that the sale of its significant assets represents the best available outcome for its various creditors and stakeholders, as it aims to generate additional funds to satisfy its debt and continue serving the fur market.
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