Hilco Consumer Capital Corp. in Partnership With Gordon Brothers Group
Toronto (ots/PRNewswire)
- Hilco Consumer Capital and Gordon Brothers Group Acquire all Intellectual Property of the Bombay Company, Inc.
James Salter, Chief Executive Officer, Hilco Consumer Capital Corp., today announced the completion of the acquisition of all intellectual property and the URL of the Bombay Company, Inc., excluding Canada. These assets, which include the Bombay name, will be placed in a newly-formed company, Bombay Brands LLC. As the managing partner, Hilco will focus on revitalizing, extending and maximizing the value of the Bombay brand through a pure licensing strategy.
Mr. Salter also announced that John Collins, Chief Marketing Officer of Hilco Consumer Capital, has been named President of Bombay Brands and will oversee work to cultivate and adapt the brand into a thriving internationally relevant and dynamic market leader in the home furnishings industry.
Mr. Salter stated, "Bombay Company Inc. has tremendous brand equity in the global marketplace and we believe consumers will continue to embrace the classic styles of the brand moving forward."
Mr. Collins stated, "Looking ahead, we will work strategically to create a new positioning in the marketplace for Bombay Brands LLC, to revitalize, extend, and maximize the brand in the global retail marketplace through strategic retail licensee and brand franchisee partners."
About Hilco Consumer Capital, LLC
Hilco Consumer Capital ("HCC") is a leading private equity firm
that makes strategic investments in consumer lifestyle Brands through
acquisitions of manufacturers, wholesalers, intellectual property and
retailers. Hilco specializes in the acquisitions of North American
companies from CDN$25 million to CDN$250 million normally as the
controlling shareholder.Hilco's current portfolio includes, Caribbean Joe(R), Tommy Armour Golf(R), RAM Golf(R), which includes Zebra Putters and Teardrop Golf. Also included in their portfolio are Bombay Brands LLC, and the iconic designer brand Halston(R), which it controls jointly with the Weinstein Company. HCC is a unit of The Hilco Organization, a Chicago-based, international provider of diversified financial services, including business asset valuations, asset acquisition and disposition services, M&A services, special situation debt and equity financing and retail consulting.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group is an advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm provides a wide variety of services to companies at times of growth and restructuring. Gordon Brothers Group capabilities include asset valuations, dispositions and appraisals, real estate consulting, retail store operations, capital solutions, restructuring and advisory services. The firm has unparalleled expertise in assisting healthy and distressed companies to maximize the value of their underperforming assets. During the past three years, GB has appraised over $100 billion of assets, managed more than 7,000 stores, sold more than $10 billion of inventory and restructured or sold over 120 million square feet of retail space.
Contact:
For further information: CMO, Hilco Consumer Capital, Name: John
Collins, Phone: +1-416-682-5680, Email: jcollins@hilcocapital.com