Hilco Consumer Capital and Gordon Brothers Group acquire all intellectual
property of the Bombay Company, Inc.
TORONTO, Feb. 19 /CNW/ - 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 $25 million
to $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.
For further information:
For further information: CMO, Hilco Consumer Capital, Name: John
Collins, Phone: (416) 682-5680, Email: firstname.lastname@example.org