Upcoming Online Auction Offers Extensive Selection of Lithium-Ion EV Battery Cells and Industrial Equipment What’s Happening Tiger Group is hosting an online auction on July 13, featuring a vast range of lithium-ion battery cells and industrial assets. The assets come from Romeo Power’s 215,000-square-foot EV battery assembly and testing plant in Cypress, California, now closed. Items up for bid include an impressive selection of industrial machinery, and […]
Private-treaty Sale by Tiger Group Features State-of-the-art Manufacturing Equipment for Molded-fiber Products and Packaging Stored in the U.S., India and China, assets from California-based Zume include large inventory of compostable food packaging and a wide array of industrial equipment LOS ANGELES – June 8, 2023 — In an immediate private-treaty sale, Tiger Group is offering more than $30 million of inventory, molded-pulp manufacturing equipment and […]
Telescope Retailer’s Entire Operations Available in Tiger Group Sale Tiger to hold timed, online auction of multimillion-dollar inventory on June 13 LOS ANGELES, June 6, 2023 /PRNewswire/ — One of the world’s largest Internet retailers of high-performance telescopes is available for purchase as a going concern prior to the June 13 auction sale of the company’s inventory, Tiger Group announced. The 76-year-old, California-based ecommerce retailer maintains a deep product inventory of more than 1,100 […]
Niche Internet Brands Can Thrive by Merging with Larger Retailers Turnaround and sale of Richer Poorer to francesca’s® points to a go-forward strategy for other e-tailers with strong followings and brands, says Tiger Group’s Ryan Davis. NEW YORK – May 18, 2023 — Tiger Group’s turnaround and sale of California-based wardrobe essentials brand Richer Poorer to francesca’s® Acquisition LLC shows that merging with a larger […]
Paper Products Online Auction Features Liquidation of Kraft Linerboard Paper Rolls Tiger Group offers 2,1210 rolls in court-ordered bankruptcy sale on May 16. HOUSTON, May 3, 2023 – A May 16 Tiger Group online auction features 2,120 kraft linerboard paper rolls formerly owned by a global broker and distributor of pulp and paper products. “It is rare for this much high-quality kraft linerboard—about 3,700 metric tons in all—to […]
Francesca’s Acquires Los Angeles Brand Richer Poorer Specialty fashion retailer, Francesca’s announced on Tuesday the acquisition of California-based wardrobe essentials brand, Richer Poorer. The Houston-based company, which operates the Francesca’s and Franki by Francesca’s stores, said the acquisition will place Richer Poorer under the Francesca’s Acquisition LLC umbrella as a wholly owned subsidiary. Financial terms of the deal were not disclosed. The Richer Poorer buyout signals […]
Asset-Based Lending Sector Needs to Embrace Data and AI Adjusting to more complex datasets should be a top priority in asset-based lending now that AI is set to become a bigger factor in borrower health, advises Tiger Group Executive Managing Director Bradley W. Snyder. In an April 5 Industry Insights column for ABL Advisor (“What Asset-Based Lending Can Learn from AI in the Grocery Sector”), Snyder points to […]
Online Auction Features Live Event and Entertainment Production Rental Gear from North American Leader PRG April 18 sale by Tiger Group features more than 600 lots of professional entertainment production gear with all items auctioned directly from the PRG depot in Van Nuys, California LOS ANGELES, April 13, 2023 /PRNewswire/ — On April 18 Tiger Group will conduct an online auction offering a wide array of professional entertainment production gear from the […]
Transit Vans, Power Gurneys and Stair Chairs Available in April 20 Tiger Group Auction Timed, online auction features late-model ambulances from a major medical transportation company EL MONTE, Calif., April 10, 2023 /PRNewswire/ — Medical transportation providers can expand their operations by acquiring late-model ambulances, power gurneys and stair chairs in an April 20 online auction by Tiger Group. Bidding in the timed, online auction at SoldTiger.com opens on Thursday, April 13, at 10:30 a.m. (PT) and […]
Online Auction Features Digital Cameras, Lenses, Filters and Other Production-Quality Audiovisual Gear Tiger Group to conduct April 11 auction on behalf of two major production rental companies. LOS ANGELES – March 30, 2023 — On April 11 an online auction by Tiger Group provides an opportunity to acquire pro-grade audio-visual gear from a major North American production rental company and prestigious Keslow Camera, including equipment […]
David A. Spehar Joins Tiger Group as Associate Director of Field Operations Longtime Tiger consultant brings 30 years of appraisal and disposition experience New York – March 2, 2023 — David A. Spehar, a 30-year appraisal and disposition veteran whose work has encompassed over 350 companies and thousands of retail stores across North America, has joined Tiger Group as associate director of Field Operations. Spehar’s […]
Tiger Finance, Merchant Financial Group Provide $38MM in Growth Capital to Apparel Brand Arctix Tiger Finance and Merchant Financial Group are partnering to provide $38 million in growth capital to Alpha 6 Distributions, creator of the Arctix winter apparel brand. As the primary lender to Alpha 6, Merchant Financial Group tapped Tiger Finance to provide an additional $15.2 million in growth capital for the manufacturer, based in Locust […]
Substantial Discounts Available at Sears Hometown Store-Closing Sales Across the United States More than 100 dealer-run stores wind down operations in 36 states, offering approximately $40 million in inventory including riding lawnmowers, washers, dryers, refrigerators, power tools and much more HOFFMAN ESTATES, Ill., Dec. 26, 2022 /PRNewswire/ — Liquidation sales are underway at 115 Sears Hometown stores across 36 states and Puerto Rico—an opportunity for shoppers to find discounts on […]
White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor White Oak Commercial Finance, an affiliate of White Oak Global Advisors, LLC, provided a $80 million revolver to a Midwest-based distributor and value-added service provider of specialty metal products with operations throughout the United States. Additionally, Tiger Finance, LLC, a subsidiary of Tiger Capital Group, LLC, provided a $10 […]
Tiger Finance Provides $20 Million Credit Facility to Pilot Wave E-Commerce Strategic financing fuels growth of Pilot Wave E-Commerce Holdings—the latest Tiger borrower leveraging the Amazon platform NEW YORK – November 29, 2022 –Tiger Finance, LLC and Pilot Wave E-Commerce Holdings, LLC (PWE) have closed on a flexible, $20 million credit facility — providing working capital to support PWE’s data-driven approach to acquiring, operating, and […]
Live Virtual Auction with Onsite and Online Bidding on November 30 Features 135 Tractors and Trailers The wind-down of RiteWay Express includes late-model day cab and sleeper road tractors, food-grade dry vans and more RICHMOND, Va., Nov. 22, 2022 /PRNewswire/ — On November 30th, Tiger Group, Motleys and Loeb will hold a live virtual auction with online and on-site bidding for RiteWay Express, a multigenerational trucking business founded in 1993. “This sale is […]
Second Avenue Capital Partners and Tiger Finance Provide $80MM Credit Facility for Casper Sleep Second Avenue Capital Partners (SACP) and Tiger Finance (Tiger) closed an $80 million credit facility for Casper Sleep, Inc. (Casper), the omnichannel retailer of innovative sleep products including mattresses, pillows and other sleep accessories. The new financing will be used to retire an existing credit facility and support the ongoing working capital needs of the business. […]
Live Online Webcast Auction Features Cranes, Boom Trucks and Other Former Assets of Texas-Based Heavy Equipment Rental Company Conducted by Tiger Group and GA Global Partners, a court-ordered sale on November 10 creates opportunities for similar businesses as well as bidders in oil and gas, utility solar and construction EDNA, Texas, Nov. 2, 2022 /PRNewswire/ — Buyers can acquire heavy-duty cranes, boom trucks, trailers and other former assets of Dalton Crane in […]
William J. Mayer Joins Tiger Group as an Executive Managing Director Former Wells Fargo and GE Capital executive brings decades of experience in finance, business development and corporate strategy to Tiger’s suite of services BOSTON – November 1, 2022 – William (Bill) J. Mayer, a senior finance industry executive responsible for generating billions of dollars in growth during his 33 years at Wells Fargo and […]
Online Auction Features Live Event and Entertainment Production Rental Gear from North American Leader PRG October 4 sale by Tiger Group features more than 700 lots of digital and film cameras, lenses, projectors, screens and monitors, with all items stored in California and Florida LOS ANGELES, Sept. 22, 2022 /PRNewswire/ — An October 4 online auction by Tiger Group is an opportunity to acquire professional audio-visual gear from the existing rental […]
Major Food Processor Passport Foods’ In-Demand Equipment Goes to Auction Tiger Group’s online auction on Oct. 6 gives food processors, large restaurants, ghost kitchens and other food businesses access to high-utility, hard-to-find equipment in excellent condition. ONTARIO, Calif., Sept. 21, 2022 /PRNewswire/ — An October 6 online auction by Tiger Group features equipment from Passport Foods’ shuttered Ontario, Calif. plant. The specialty food processor sold entrees, wraps, noodles […]
Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations 22-year retail-industry veteran brings extensive management and consulting experience, including collaborating with Tiger on hundreds of store closures NEW YORK (9/15/22)—Jennifer A. Lewellyn, a 22-year retail veteran with experience in both managing healthy stores and liquidating underperforming locations, has joined Tiger Group as Associate Director of Retail Operations. Based in Pittsburgh, Lewellyn will […]
Secondary-Market Prices for Oil and Gas Equipment Poised for a Rebound, Predicts Tiger Group Executive Oil and gas companies still face some tough challenges, yet the global surge in energy demand bodes well for asset values moving forward, advises Chad Farrell of Tiger C&I HOUSTON, Sept. 14, 2022 /PRNewswire/ — Secondary-market prices for oil-and-gas equipment could strengthen in the months ahead—good news for both asset-based lenders and their borrowers in […]
Medical Waste Disposal Equipment from California Plant Offered in Online Auction September 20 liquidation by Tiger and Perry Videx includes incinerators, shredders and other systems used by a high-efficiency operation in San Bernardino County HESPERIA, Calif., Sept. 6, 2022 /PRNewswire/ — A September 20 online auction by Tiger Group and Perry Videx features the remaining assets from Aemerge RedPak’s former medical-waste treatment facility in Hesperia. This sale gives recycling and waste-disposal companies access to shredders, incinerators […]
StayMobile Bankruptcy Auction Translates into Buying Opportunity for Electronics Repair Companies Nationwide Online auction by Tiger Group and Liquid Asset includes $5 million in computer components, including thousands of new laptops, desktop computers, monitors, scanners, printers and projectors, as well as more than 200,000 protective cases; bidding underway now KENNESAW, Ga., Sept. 2, 2022 /PRNewswire/ — The September 8 court-ordered bankruptcy liquidation of StayMobile’s former inventory of computer components is a […]
Late-Model Rolling Stock and Waste Hauling Equipment Offered in Online Auction 9/1/22 – Tiger Group, a California-based auctioneer, is overseeing the Sept. 8 liquidation of equipment that had been used by Buckeye Water Services, a former fracking services and waste hauling company with locations in Ohio and Pennsylvania. The auctioneer says the sale features tractor trucks, dump trucks, vacuum trucks and trailers, as well as […]
Pro-Grade AV from Keslow Camera and The Camera Division Slated for Auction Tiger Group sets August 23 online auction which includes 350 lots of digital cameras, lenses, heads, filters, monitors, transmitters/receivers, memory/readers and gear accessories. LOS ANGELES – August 15, 2022 — Digital cameras from Keslow Camera and The Camera Division are among the 350 lots of pro-grade AV equipment, gear and accessories available in […]
CNC, Foundry and Warehouse Equipment from LA’s Century-Old Bell Foundry Co. Goes to Auction on August 16 Tiger Group sets August 16 online auction of more than 300 lots of machinery and equipment—including CNC vertical machining centers by Fadal—as long-running company closes its doors SOUTH GATE, CA – August 11, 2022 — Tiger Group is auctioning more than 300 lots of machinery and equipment from […]
Tiger Group Announces Liquidation Sale of Buckeye Water Services Construction equipment and more than 100 roll-off boxes for waste removal also available in Tiger Group liquidation of assets from Buckeye Water Services, a fracking services and waste-hauling company with locations in Pennsylvania and Ohio NEW CONCORD, Ohio and HICKORY, Pa., Aug. 9, 2022 /PRNewswire/ — Tiger Group is offering for immediate sale an entire fleet of well-maintained, late-model rolling stock previously operated by Buckeye […]
Foreclosure Sale by Tiger Group and Perry Videx Features Medical Waste-Disposal Equipment Recycling and waste-disposal companies can acquire shredders, incinerators and other useful machinery and equipment in an immediate sale by Tiger Group and Perry Videx. The assets come from Aemerge RedPak’s former medical-waste treatment facility in the city of Hesperia. Opened in 2017, the plant destroyed and sterilized medical waste, converted it into clean energy and […]
Late-Model CNC Equipment from Plastic Injection Mold Shop in Port Huron, MI Goes to Auction on August 2 Tiger Group and Southern Fabricating Machinery Sales set August 9 online auction for CNC machines by Hurco and Fadal, electrical discharge machinery by Xermax and Elox, as well as shop equipment and rolling stock PORT HURON, Mich., Aug. 2, 2022 /PRNewswire/ — CNC machine shops and other buyers will find a […]
Tiger Group Reaches Major Milestones at Audio/Visual Auctions & Private Treaty Sales in First Half of 2022 Number of buyers at events for PRG and Red Star Pictures surplus gear jump 50% from auctions held in 1st half of 2021; bankruptcy auction of assets from Pacific Theatres achieves 99% sell-through rate. LOS ANGELES (6/23/22) – Tiger Group’s Commercial and Industrial (C&I) Division saw a record […]
High-Precision Manufacturing Equipment Offered in June 29 Online Auction by Tiger Group and Southern Fabricating Machinery FAIRFIELD, New Jersey (6/20/2022)—A June 29 online auction by Tiger Group and partner Southern Fabricating Machinery Sales features machining centers, honing machines, turret lathes, CNC turning centers and other high-utility manufacturing assets that remain from a closed precision machining plant in Fairfield. With brands such as Makino, Takumi, S&T Dynamics, Mori Seiki, […]
Trademarks Can Be a Collateral Opportunity for Asset-Based Lenders, Advises Tiger Group Managing Director But product scope, distribution challenges, brand recognition, celebrity endorsers’ bad behavior, IP issues and other unusual variables can affect trademark health and NOLV, Eric Gul cautions in article. NEW YORK, May 23, 2022 /PRNewswire/ — Trademarks present a collateral opportunity for asset-based lenders—so long as their due diligence covers the unique legal and […]
Tiger to Auction Professional Cameras, Lenses, Grip, Electric and Gear Accessories from Red Star Pictures June 2 online sale of over 450 lots of surplus audio video gear features Canon, Panasonic and Sony cameras; Rokinon Xeen and Tokina lenses; and lighting from Arri LOS ANGELES, May 24, 2022 /PRNewswire/ — Tiger Group is gearing up to auction surplus equipment from Red Star Pictures, a longstanding supplier of rental lighting, grip […]
High-Quality Collateral at Amazon FBA Represents a Strong Growth Opportunity for Asset-Based Lenders, Advises Tiger Group Managing Director In Q&A with ABL Advisor, appraisal chief Ryan Davis dispels several misconceptions about the risks of loans to FBA sellers, but also stresses industrywide need for more data-driven valuations BOSTON, May 9, 2022 /PRNewswire/ — Fulfillment by Amazon (FBA) could be the next frontier for asset-based lenders seeking to grow their […]
Tiger Group and Southern Fabricating Machinery Sales Offer High-Precision Manufacturing Equipment in May 4 Online Auction Buyers in sectors such as aerospace, defense, oil and gas and automotive can acquire mills, lathes, grinders, CNC turning centers and other assets from closed aerospace plant in Fairfield, N.J. ; bidding begins April 27 FAIRFIELD, N.J. , April 26, 2022 /PRNewswire/ — A May 4 online auction by Tiger Group and partner Southern Fabricating Machinery Sales features equipment from a […]
Tiger Group Auction Offers Live Event and Entertainment Production Rental Gear from North American Leader PRG PRG has once again enlisted Tiger Group to auction select live event and professional AV gear from its existing rental inventories. The sale features digital cameras, lenses and projectors by manufacturers such as Arri, Barco, Canon, Christie, Fuji, Panasonic, Red, Sony and Zeiss. With offices worldwide, PRG maintains the largest rental […]
Ana Leon Recognized in ABFJ’s ‘2022 Top Women in Asset-Based Lending’ In an era in which hopping from job to job is common, Ana Leon is a throwback to an earlier age. For more than 40 years, she has worked for some version of the same company, joining the Nassi Group in the early 1980s and staying on through its transformation into Tiger Capital Group. […]
Tiger Finance Provides $5.2MM Financing Facility to Private Label HBC Company Capital supports new brand-development program for a national big-box retail client aiming to ramp up its beauty and wellness offerings NEW YORK, March 31, 2022 /PRNewswire/ — Tiger Finance has closed on $5.2 million in financing for a private label health and beauty care products company in support of a brand-development program it is now undertaking for a national big-box […]
CIT Northbridge and Tiger Finance Arrange Financing of Up to $47 Million for a Leading E-Commerce Seller of Branded Products NEW YORK — March 29, 2022 — CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance today announced they have arranged up to $47 million in financing for a leading e-commerce seller of branded consumer products. The financing consists of a $30 […]
Strong Results in Tiger Group’s Pacific Theatres Sale Point to Rebound in Theater Business and Continued Growth in Pro AV Sector Online auction of equipment from bankrupt chain draws bids from around the world; Tiger now slated to sell similar gear from 10 additional closed Pacific Theatres locations. LOS ANGELES, March 17, 2022 — Demand from across the theater and professional AV industries drove strong results […]
Tiger Group and GA Global Partners Offer Entire Operations and Assets of Texas-Based Dalton Crane in Turnkey Sale March 8, 2022 – Heavy-equipment rental companies can bid for the entire operations and assets of fully staffed Dalton Crane in a turnkey sale by Tiger Group and GA Global Partners. The court-ordered sale of the multimillion-dollar business from Edna, Texas, which continues to serve customers across Texas and the […]
Eric Gul Joins Tiger Group as Managing Director Veteran IP, licensing and M&A specialist brings extensive insights into the valuation of consumer-facing brands; previously served in executive roles at Sequential Brands, Global Brands Group, Kids Headquarters, and Tommy Hilfiger NEW YORK (3/09/22)—Brand executive and corporate counsel Eric Gul has joined Tiger Group as a Managing Director. Most recently General Counsel at Sequential Brands Group, Inc., […]
Tiger Group Offers Multimillion-Dollar Inventory of Seven7h Sense & Green Lily Products—An Opportunity for CBD, Cosmetics & Beauty Care Retailers, Distributors Immediate sale at SoldTiger.com includes retail-ready SKUs for topical relief, face, bath and body, and more; inventory is surplus to a major distributor, with certificates of analysis provided LOS ANGELES (2/17/22)—Tiger Group is now accepting offers at SoldTiger.com on a massive array of Seven7h […]
Tiger Group Online Auction Features Wide Variety of Gear from Pacific Theatres Theater owners, live event production companies and rental houses can acquire equipment by brands such as Christie, Dolby, NEC, GDC, QSC and Samsung; auction features hundreds of assets, including state-of-the-art LED cinema screen, projectors, cinema monitors, servers, amplifiers, media blocks and even popcorn makers. LOS ANGELES, Feb. 8, 2022 /PRNewswire/ — Tiger Group is liquidating equipment from […]
Tiger Group Offers $15 Million in Hemp CBD Wellness Products and Child-Resistant Packaging and Related Accessories in Major Liquidation LOS ANGELES, Jan. 20, 2022 — Tiger Group is selling over 55 million pieces of brand-new hemp CBD wellness products, packaging and related accessories in a major liquidation event. Worth a total of approximately $15 million at cost, the inventory is available for immediate purchase at SoldTiger.com. “As […]
Tiger Group, Plant & Machinery Inc. and AuctionSection.com Offer Assets, Including Real Estate, from Metal Fabricator Gulfex HOUSTON, Jan. 19, 2022 — In a January 26 live onsite w/webcast auction, Plant & Machinery, Inc. and Tiger Group are offering machinery and equipment from the South Houston facilities of metal-fabricator Gulfex—formerly a top manufacturer of high-quality, custom pressure vessels and towers used in the oil and gas, chemical and petrochemical industries. Bidding platforms include Bidspotter and Proxibid. The sale […]
Tiger Group Hosts Immediate Sale of Gate NY Equipment November 8, 2021 – Tiger Group, New York City, is now selling the remaining equipment assets from Gate NY, Holbrook, N.Y., formerly a major drop-ship location for garment distributors in the Northeast. “The supply-chain crunch means that companies in the garment-printing and embroidery business are often being forced to wait months for newly purchased equipment to arrive, […]
Tiger Group Auction Offers Live Event and Entertainment Production Rental Gear From PRG As PRG prepares for the full reopening of the industries it serves, it enlisted Tiger Group to auction select live event and production-ready audiovisual gear from its existing rental inventories. The gear from PRG, which maintains a rental inventory of production equipment globally, features an array of broadcast and digital cameras, broadcast camera lenses, projectors, heads […]
Tiger Group Hosts Online Auction of Catamount Oilfield Services’ Pipe Inventory Tiger Group and Liquidity Services reported that bidding is underway in the timed online auction of more than 300,000 feet of line pipe formerly owned by Fort Morgan, CO-based Catamount Oilfield Services. The auction is the latest offering by the two companies, which in 2016 formed a strategic partnership Tiger Liquidity Services Energy Partners — focused on […]
Tiger Group and Liquidity Services to Liquidate Well Production, Test Equipment and Other Oil-and Gas-Sector Assets in Online Auction AMITY, Pa., Feb. 9, 2022 /PRNewswire/ — Buyers in the quickly rebounding oil-and-gas sector can acquire well production, test equipment and other assets in a timed, online auction by Tiger Group and Liquidity Services. Bidding on the diverse array of assets from PPS Operators, LLC, opens on Thursday, February 10, at 10:30 a.m., and closes on Thursday, […]
Tiger Finance Provides $13.75MM Credit Facility to Laney Directional Drilling Tiger Finance closed on a $13.75 million term loan for Waller, Texas-based Laney Directional Drilling—a full-service trenchless construction and engineering firm known for its highly complex drilling operations on major infrastructure projects. The transaction, which closed on December 27, comes at a time of increased demand for Laney’s specialized services, said David Kennedy, Senior Associate, Tiger […]
Tiger Finance Provides $8.2MM Credit Facility to Outdoor Adventure Brands Tiger Finance closed on $8.2 million in growth financing for Outdoor Adventure Brands (OAB)—an ecommerce and retail company known for its Austin Canoe & Kayak stores in Texas and Summit Sports locations in Michigan. Private-equity sponsor Digital Fuel Capital, an ecommerce-focused investment firm, is an investor in the specialty sporting goods retail company. “Based in Bloomfield […]
Tiger Finance Provides $17 Million Credit Facility to Industrial Real Estate Firm Capital infusion will enable company to acquire and redevelop site on East Coast NEW YORK (12/14/21) –Tiger Finance has closed on $17 million in growth financing for an East Coast industrial real estate investment and development firm. Over the past five years, the company has acquired more than $400 million in Class A […]
Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes Tiger Finance has closed on a $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, N.J.-based Aluminum Shapes LLC, a fully integrated manufacturer and distributor of aluminum products serving multiple industries. Aluminum Shapes LLC, which operates a 500,000-square-foot facility in Pennsauken, filed for Chapter 11 bankruptcy protection on August 15th in the U.S. […]
Does the Current ‘Logistics Nightmare’ Have a Surprising Upside? Could today’s global supply chain disruption contain some good news for asset-based lenders? That may seem like a counterintuitive question given that the current inventory crunch — supplies have dropped to levels not seen since just after the Great Recession — has led many borrowers to massively downsize their ABL lines. In addition, many of these […]
Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc. Plant-closing sale on September 14 features 279 items–including accumulator-head blow molders, granulators, blenders, chillers, air compressors and more–from the global Tier 1/Tier 2 supplier of interior and air/fluid management systems JEFFERSON, Ohio, Sept. 1, 2021 /PRNewswire/ — In a September 14 live webcast auction, Machinery Network Auctions, Inc. and Tiger Group are offering machinery and […]
Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors U.S. and international bidders acquire all available assets of a major CBD processor in Cadiz, Kentucky, along with its 86,500-square-foot plant and 14.5-acre site. CADIZ, Ky., Aug. 19, 2021 /PRNewswire/ — Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s […]
Tiger Online Auction Offers Variety of Professional A/V Gear From Major Production Rental Company Aug. 24th sale features over 200 lots of digital cameras, lenses, projectors, memory and other gear accessories from prominent North American rental house LOS ANGELES (8/17/21)–In its latest sale for a prominent North American production rental company, Tiger Group will be staging a timed online auction on August 24 for over […]
Audio-Visual Asset Value Rebound Highlights Sector’s Resilience Tiger Group experts provide insights into the factors asset-based lenders should contemplate when considering lending into the professional A/V sector. Asset values in the audio/visual (A/V) sector—everything from high-end digital cameras for movie, television and commercial productions, to specialized lighting for live events—continue to strengthen, due in part to the commencement of productions and the rebounding U.S. economy. […]
Restaurant Rebound Tests the Limits of U.S. Food Distributors Historically, foodservice inventory and M&E have been good, stable forms of collateral, and the prospects of this “safe haven” sector remain quite strong over the long term. However, closer monitoring is always required when any form of collateral faces headwinds, which is the case in today’s food-distribution sector due to shortages of truck drivers, refrigerated trucks, […]
Proceeds from Tiger Group, Schneider Industries Online Auction of Brewery Assets Top Expectations by 15% The recent online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka by Tiger Group and Schneider Industries generated proceeds that were 15% above the sale partners’ expectations. In all, the auction attracted 236 registered bidders from across the United States and seven foreign countries. Prospective buyers for the equipment on […]
Tiger ‘Buy Now’ Online Event Offers Surplus Professional Gear From Keslow Camera Continuing its longstanding partnership with Keslow Camera, Tiger Group today launched a ‘Buy Now’ online sale featuring over 300 lots of digital cameras, lenses, monitors, matte boxes and gear accessories from this leading film and television industry equipment rental company. The sale features a selection of digital cameras from Arri, Panasonic, Red, and […]
Francesca’s CEO Shares Brand’s Post-Pandemic Turnaround The COVID-19 pandemic forced retailers to survive amid a wave of challenges, including losing their physical footprints for an extended period. And that meant companies either innovated and pivoted or faced even bigger troubles. By Amy Baxter For those retailers who were already facing struggles, such as clothing company Francesca’s—which reported two years of losses prior to the pandemic—2020 […]
Assets of 30 Barrel Semi-Automated Brewhouse Up for Bid in Tiger Group, Schneider Industries Online Auction on June 17 EUREKA, Calif., June 2, 2021 /PRNewswire/ — Bids are now being accepted for the June 17 online auction of all assets from a 30-barrel semi-automated brewhouse in Eureka that closed in December 2020. The auction is being conducted by Tiger Group and sale partner Schneider Industries on behalf of […]
ABF Journal’s 2021 Top Women in Asset-Based Lending Profile Spotlight GAIL GLAVE Managing Director, Field Financial Operations Tiger Capital Group Gail Glave believes in the power of being trustworthy and if there’s one thing that is always honest, it’s data. Perhaps that’s why Glave, a managing director of field financial operations at Tiger Capital Group, is so skilled at not only gathering data but breaking […]
Tiger Finance and Encina Business Credit Announce the Closing of a $48.5 Million Revolver/Term Loan to Daytona Apparel Group Capital infusion will support accelerated growth of Daytona’s platform of owned, licensed and private label offerings, as well as its expansion into adjacent product categories and direct-to-consumer platforms. NEW YORK, May 13, 2021 /PRNewswire/ — Tiger Finance and Encina Business Credit have closed on $48.5 million in growth financing […]
Tiger Group Online Auction on May 20 Features Machining Centers, Industrial Robots and Other High-Utility Assets FLORENCE, Ky., May 6, 2021 /PRNewswire/ — Tiger Group will begin accepting bids on May 13 for the May 20 online auction of the remaining assets from Eagle Manufacturing’s engine block-machining facility in Florence, Kentucky. The 300,000-square-foot metro Cincinnati plant was shuttered by parent company Linamar Corp. on April 19, […]
Stiffed Vendors Get Tough With U.S. Retailers After Big Losses (Bloomberg) — As U.S. retailers celebrate a boom lifting one of the pandemic’s hardest-hit sectors, scars left by a year of bankruptcies and delayed vendor payments could threaten to undermine their recovery — just as the crucial back-to-school shopping season begins. After watching their receivables mount last year, vendors of apparel and other goods demanded […]
Tiger Promotes Schloemer to Director of Business Development for Midwest April 21, 2021, 08:10 AM Eric Schloemer has been promoted to Director of Business Development for Tiger Group, which specializes in a variety of asset dispositions and valuations, as well as secured debt financing and equity investments. The 14-year veteran of the financial services industry was previously a Senior Associate in Tiger’s Valuation Services division. […]
Tiger Group to Auction Garment Printing Equipment from Gate NY Tiger Group is accepting bids for its April 15 online auction of assets from Holbrook, NY-based embroidery and garment-printing company Gate NY, which had been a drop-ship location for garment distributors from across the Northeast. Highlights of the auction include screen-printing machines, flash cures, dryers, folders and accessories by brands such as MHM, M&R, Dane, […]
Tiger Group Selling Robot-Automated Parts-Coating Lines and Other Assets Formerly Owned by Wheel Specialist Winona PVD Coatings Automotive or other operators that need to coat or wash parts can submit bids now for Winona’s adaptable lines; office, plant support and material-handling equipment also available NEW YORK, March 22, 2021 /PRNewswire/ — Tiger Group is now accepting bulk offers for four robot-automated parts-washing, powder-coating and vacuum metallizing […]
Tiger Capital’s Gail Glave on the Art of Liquidations Beyond just putting up signs and accelerating markdowns, liquidations require analysis, a merchant’s perspective and store operations know-how. By David Moin on March 23, 2021 The Tiger Capital Group is in the business of liquidating retailers — and sometimes rescuing them. “Liquidations are our bread and butter, along with asset-based appraisals. They work very well together,” said Gail Glave, managing director of […]
Tiger Group Online Auction On March 30 Features Advanced Knitting, Dyeing And Finishing Equipment From Montréal-Based Tricots-Liesse MONTRÉAL — March 16, 2021 — Tiger Group will begin accepting bids on March 23 for the March 30 online auction of assets from one of the best-known knitting, dyeing and finishing operations in the North American textile industry—the 250,000-square-foot Tricots-Liesse plant at 2125 Lily-Simon. The auction represents a rare opportunity […]
Tiger Group Online Auction on March 9 Features Heavy Equipment, Tools and Rolling Stock from Advanced Pavement Group With assets located in Pennsylvania, New York, New Jersey and Delaware, the online- only auction includes milling machines, loaders, sweepers, rollers, excavators, dozers, trucks, shop equipment, parts and more. LOS ANGELES (3/1/21)—Tiger Group will begin accepting bids on March 2 for a March 9 online auction of […]
Tiger Group Achieves Record Sales of Pro-Grade Audiovisual Gear in 2020 February 22, 2021 Firm’s AV practice posts 37.9% increase in total dollar volume in 2020; highlights include auction of $15 million in gear from one of Canada’s top live-event rental production houses. Tiger Group’s Commercial & Industrial (C&I) Division posted record sales of pro-grade audiovisual equipment in 2020, due in part to the need […]
Tiger Group to Auction Frozen, Refrigerated, Dry Food Products from Cruise Industry Supplier Tiger Group is offering over $11 million (at retail) in commercial foods in a Feb. 23 online auction of the remaining inventory from cruise industry supplier Kansas Marine Co.’s soon-to-close Miami distribution center. The offering features over 40 million pieces of consumable food items, including frozen products, canned goods, proteins, dry food […]
Tiger Capital Group Names Glave Managing Director Tiger Capital Group promoted Gail Glave from director of field financial operations to managing director. Glave serves as both a senior financial analyst and operations specialist, and is responsible for financial modeling, tracking and analyzing daily sales data as well as the on-site management of Tiger’s field supervisors. Glave began her career with Tiger as an assistant financial […]
Francesca’s Clothing Chain Approved for Bankruptcy Sale The buyers of Francesca’s remaining specialty retail business will keep at least 275 of its boutiques open, and retain the management team and nearly all other employees By Aisha Al-Muslim Jan. 21, 2021 5:25 pm ET Specialty retailer Francesca’s Holdings Corp. has won court approval to sell its remaining business out of bankruptcy to a group of buyers […]
Tiger Capital Group, B. Riley Retail Solutions Conducting GOB Sales at All 25 Stock+Field Stores in Midwest Going-out-of-business sales are underway at all 25 Stock+Field stores across the Midwest—an opportunity for enthusiasts of the rural lifestyle to find bargains on thousands of premier items in categories such as farm supplies, outdoor power equipment, lawn and garden, hardware/tools, home, sporting goods, and apparel/footwear. A joint venture […]
Francesca’s enters stalking-horse agreement, gets bankruptcy court’s OK for sale process Houston-based specialty apparel retailer Francesca’s Holding Corp. is one step closer to selling its business to a private investor. Copyright 2021 Houston Business Journal. All Rights Reserved. The U.S. Bankruptcy Court fo the District of Delaware has approved the company’s auction process, Francesca’s announced Jan. 8. Bids are due by 4 p.m. Eastern Time […]
Retailer rue21 Enters Deal With Bank of America to Retire Debt, Extend Credit Agreement Specialty retailer rue21 (r21 Holdings, Inc.) announced that its strong financial position has enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset based credit facility to increase availability to $155mm due 2025 led by Bank of America, N.A. The […]
Tiger Group to Auction Inventories from Major Distributor of Disposable, Durable Medical Supplies Following private treaty bulk sales and successful auctions of assets from three of American Medical Depot’s (AMD) six facilities, Tiger Group will wrap up the wind-down of this major distributor of medical equipment and supplies with online auctions in mid-January for in excess of $16 million in inventories plus other assets from […]
Tiger Group Online Auction Features Late-Model Equipment from CBD and Cannabis Manufacturer Dec. 9 auction offers QC analysis, sterilization, and filling/packaging equipment with applications for pharma, CBD and other industries. LOS ANGELES, Dec. 1, 2020 /PRNewswire/ — Tiger Group will be holding an online auction on Dec. 9 of late-model equipment surplus to the ongoing operations of a leading CBD and cannabis manufacturer. The auction features […]
Canadian Mall Owners Could Buy Key Tenants in Months Ahead, Tiger Group Executive Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead, said Bradley W. Snyder, a Tiger Group Executive Managing Director, during a retail-focused webinar hosted by Insolvency Insider. Mall landlords across North America need to avoid triggering co-tenancy provisions that allow other tenants to pay […]
Solar Cell Manufacturing Equipment and Intellectual Property from Alta Devices Now Available for Bulk or Piecemeal Purchase Assets from pioneer of extreme high efficiency GaAs Flexible Thin Film Solar Cells include manufacturing and fabrication lines; test and measurement equipment; analysis lab; plant support/IT equipment; and over 400 patents. SUNNYVALE, Calif., Nov. 11, 2020 /PRNewswire/ — Liquidity Services, Tiger Group, Maynards Industries and GES Associates LLC […]
Tiger Auctioning Assets from One of Canada’s Largest AV Rental Houses TORONTO, Nov. 5, 2020 /PRNewswire/ — In a three-day online auction event scheduled for November 17-19, Tiger Group will be selling gear from the recently closed Westbury National Show Systems Ltd. (“Westbury“), which had long been one of Canada’s largest full-service live event rental production companies. Westbury, which operated from an approximately 60,000-square-foot facility in […]
Tiger Group Auctioning Inventory and Equipment from Wholesaler of Promotional Apparel and Hardgoods on Nov. 12 KENT, Wash. — October 30, 2020 — Tiger Group will be conducting online auction on November 12 of textile embellishment and warehouse equipment, blank inventories of apparel and hardgoods, and intellectual property of a wholesale supplier of custom-designed promotional products for the giftware and tourism industries that is now […]
Tiger Group COO Reflects on Retail in the Age of COVID-19 Throughout the pandemic, Tiger Group has been on the front lines of headline-making retail dispositions, from selective store-closure projects involving JCPenney, GNC and Sur La Table, to chainwide liquidations for the likes of New York & Co., Modell’s, Barney’s and Stein Mart. ABL Advisor sat down with Michael McGrail, Chief Operating Officer, for his […]
Tiger Group Selling Multi-Million-Dollar Disposable and Durable Medical Supply Inventory in Connection with Major Distributor’s Wind-Down The multi-million-dollar inventory encompasses over 350,000 products from some 2,000 manufacturers. Items range from personal protective equipment (PPE) to personal paper products, hospital textiles, sterilization wraps, swabs/cotton balls, medical gloves, bandages/dressings, alcohol products, acute care monitoring units, needles, test kits and calibrators. The products come from such leading manufacturers […]
Tiger Finance Provides Nu-Steel Trade With $10MM in Growth Capital Tiger Finance, a wholly owned affiliate of Tiger Capital Group closed on a $10 million delay draw term loan to Nu-Steel Trade that provides working capital for growth and acquisition opportunities. “Nu-Steel is thrilled with the opportunity to partner with Tiger on the growth of our business,” Larry Dobos, CEO and president of the global […]
Massive Inventory of Line Pipe Now Available From Tiger Group and P.I.T. Pipe September 17, 2020 Source: Tiger Group High-quality, never-used pipe is ideal for use in water-transmission, heavy construction, and the oil and gas sector; all inventory made in the United States. More than 500,000 feet of 30-inch, X70, coated line pipe is now available for immediate purchase from Tiger Group and P.I.T. Pipe. […]
Bankrupt retailers face a new hurdle: Getting rid of inventory Deep discounts and liquidation sales are no longer enough to lure customers By: Abha Bhattarai September 8, 2020 at 7:00 a.m. EDT The nation’s bricks-and-mortar retailers were undergoing a reckoning years before the pandemic led to shutdowns and a tanking economy, tipping more than a dozen major retailers into bankruptcy and prompting many others […]
Tiger Group Online Auction Features Equipment for Screen Printing and Premium Promotional Manufacturing NEW YORK, Sept. 8, 2020 /PRNewswire/ — Tiger Group will begin accepting bids on September 15 for an online auction of hundreds of pieces of equipment used for screen printing and manufacturing apparel and premium promotional products. Online bidding at SoldTiger.com will commence on Tues., Sept. 15, at 10:30 a.m. (EDT) and will […]
A Total of 44 Retailers Have Already Filed for Bankruptcy This Year and Many Others are Expected to Follow EXCERPT: ADVERTISER NEWS | MONDAY AUGUST 24, 2020 The coronavirus pandemic is upending the way U.S. consumers shop and the holidays will be no exception as major retailers and shippers roll out their earliest-ever shopping season. Target, Best Buy and Kohl’s have moved winter holiday promotions up […]
Stein Mart to Close 279 Locations Through Going Out of Business Sales Stein Mart filed for Chapter 11 reorganization and authorized going out of business sales by a joint venture comprising Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial’s Great American Group and SB360 Capital Partners. The sale process is underway at all 279 Stein Mart locations across the U.S. Founded in […]
AmerisourceBergen puts former PharMEDium Memphis facility and equipment up for sale A specialty pharmacy facility’s building and its equipment — set to close this year — are up for sale. By Jason Bolton – Data Editor, Memphis Business Journal Aug 13, 2020, 8:44am EDT A spokesperson for AmerisourceBergen Corp. confirmed its former PharMEDium operations located at 6100 Global Dr. in Memphis is for sale. CBRE […]
New York & Company Store Closing Sales Begin with Deep Discounts LOS ANGELES, July 28, 2020 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ:RILY) (“B. Riley”) affiliate, Great American Group, and Tiger Capital Group today announced that store closing sales have begun at all New York & Company retail locations across the United States. The firms are conducting liquidation sales across approximately 380 store locations in connection with the recent […]
US liquidators give retailers ‘sticker shock’ over unsold goods Retailers are turning to liquidators to offload stock but are alarmed at how little they pay America’s largest liquidation firms say retailers have been inundating them with calls to offload goods following weeks of lockdown, only to balk at the ultra-low prices they are offering to take inventory off their hands. Coronavirus upended retailers’ inventory planning, […]
Tiger Group MD Named to SFNet’s ‘40 Under 40’ Ryan Davis, Managing Director of Valuation Services at Tiger Group, has been named a ‘40 Under 40’ recipient in the 2020 awards program from The Secured Finance Network (SFNet), the professional association of the secured lending industry. “The SFNet 40 Under 40 Awards, established in 2016, celebrate the achievements of young professionals in the secured finance […]
Tiger Group Sets Online Auction for Assets of Plastics Painting Plant GRAND RAPIDS, Mich., July 8, 2020 /PRNewswire/ — Tiger Group will begin accepting bids on July 14 for a live online auction of selected assets to the continuing operations of Spectrum Cubic (a subsidiary of Spectrum Industries), a graphic decorating and painting company that services the plastics industry. The auction, which gets underway at 10:30 a.m. […]
Retail Inventory Valuations Bounced Back During Re-Openings By Marianne Wilson – 07/07/2020 Retail inventory valuations bounced back quickly to surprising health levels quickly in May and June. As large numbers of Americans responded to retail re-openings by hunting for bargains at liquidation sales. That’s according to executives from Tiger Capital Group, who participated in a webinar with analysts from Goldman Sachs that focused on U.S. […]
GOB Sale Resumes At 107 Modell’s Locations Posted by SGB Media | Jun 25, 2020 Modell’s Sporting Goods has resumed going-out-of-business sales at 107 of its remaining stores, beginning immediately. The retailer had begun sales in mid-March after filing for bankruptcy but was forced to postpone the sale as the coronavirus crisis began ramping up A joint venture of Tiger Capital Group, Great American Group […]
J.C. Penney liquidation sales at 136 closing stores underway with discounts up to 40% off UPDATED: J.C. Penney updated its closings list again Wednesday and now has 136 locations listed. The story originally noted liquidation sales would start at 137 stores. Going-out-of-business sales at 136 closing J.C. Penney stores begin Wednesday, the department store chain announced. The discounts range from 25 to 40% off original prices […]
The Retail Liquidations—Neiman’s, J.Crew, Pier 1, More—Are About To Start Flowing By Warren Shoulberg Senior Contributor Maybe liquidation-a-go-go is too flippant for such a tragedy. But it does fit.As the number of retail bankruptcies start to pile up from companies whose final destruction was caused by the coronavirus pandemic, we are about to see a massive round of close-out/going-out-of-business/liquidation sales. It’s likely to be the largest […]
Tiger Group to Auction Professional AV Gear from Camera Division, Cinema Verde Surplus professional AV production gear from equipment rental and production houses The Camera Division and Cinema Verde Productions are hitting the block on June 16 in a combined online-only auction conducted by Tiger Group. The sale will feature cameras, lighting, heads, matte boxes, jib arms monitors, electrical and grip equipment, a production truck, […]
Tiger Liquidity Services Warns of Risks of Excess Assets in Biopharma Sector Analysis by Tiger Liquidity Services Biopharma Partnership underscores the strategic value to hedge funds, private equity firms, asset-based lenders, and bankruptcy professionals of leveraging asset-valuation and disposition in the biopharma/pharmaceutical space Tiger Liquidity Services Biopharma Partnership has issued a primer on how investors and lenders can bolster the position of biopharmaceutical firms by […]
Tiger Group Selling Surplus Equipment from Ongoing Operations of Leading CBD and Cannabis Manufacturer Sale features late-model M&E for use in cannabis, biopharma and other industries from facilities in Arizona, Florida and Nevada. Tiger Group is now liquidating well-maintained, late-model machinery and equipment surplus to the ongoing operations of a leading dispenser and manufacturer of Cannabidiol (CBD) products, with a range of value-add uses in […]
Assets from former ECS Refining plant in California up for bid Buyers can acquire processing equipment from ECS’ former Stockton, California, plant turnkey or piecemeal. Tiger Group, headquartered in New York, in partnership with Aaron Equipment, Rosen Systems and Perry Videx, says it is accepting bids for ECS Refining’s former recycling plant on South Sinclair Avenue in Stockton, California. ECS filed for Chapter 11 bankruptcy protection […]
In a Pandemic, Food, Booze and Guns Retain Value Best Apparel, accessories and footwear are riskier assets to finance, liquidation firm Tiger Capital Group finds By Aisha Al-Muslim Updated May 6, 2020 8:03 am ET Loans backed by food, alcohol and guns are holding up better than debt tied to other merchandise as shoppers increasingly turn to these goods amid coronavirus social-distancing restrictions. Purveyors of food […]
Tiger Group Attained New Highs in Numbers of Bidders for March Online Auctions of Professional A/V Equipment LOS ANGELES (5/4/20) –Indicative of how online auctions can be an effective and safe way to market select commercial and industrial assets during the COVID-19 pandemic, Tiger Group reported that it attained new highs in the numbers of bidders during two sales it held in March for surplus […]
Tiger Capital Group Co-Founder Predicts Dramatic Increase in Store Closures, Bankruptcies and Asset Liquidations Due to COVID-19 NEW YORK, April 22, 2020 /PRNewswire via COMTEX/ — NEW YORK, April 22, 2020 /PRNewswire/ — COVID-19 will cause a huge spike in asset dispositions across multiple sectors once the economic recovery begins, advised Dan Kane, Co-Founder and Managing Member of Tiger Capital Group, in a podcast interview with […]
Tiger Group Issues Risk Assessment for 29 Consumer Industries Impacted by COVID-19 Taking into account the economic impact of the COVID-19 pandemic, Tiger Group’s Valuation Services Division has issued risk assessment guidance for asset-based lenders on a wide range of consumer goods categories. Among the 29 categories analyzed in a study posted on the asset appraisal, disposition and financial service’s firm’s website, three (10.3%) were […]
A Tsunami of Bankruptcies are About to Wash Away America’s Retail Sector As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping up to be a busy summer of running going out of business sales at some very prominent chains. “Some companies are just not going to survive this,” says McGrail, who is the COO of one […]
Modell’s Files For Bankruptcy, Plans To Liquidate Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection in New Jersey. The family-owned retail chain will begin liquidation sales in all stores and plans to continue its online sales during the process. Fourth-generation Owner Mitchell Modell had tried to line up support with its stakeholders to keep the chain out of court, including vendors and lenders, but […]
Tiger Group Auctions Pro-Grade Audiovisual Gear From Prominent Production Supplier Tiger Group on March 17 will hold an online-only auction of pro-grade audiovisual gear from a major production supplier known for its support of award-winning work on major television and film productions. Manufactured by the likes of Arri Alexa, Black Magic, O’Connor, Panasonic, RED, Sachtler and Sony, more than 1,000 high-quality pieces of excess and […]
Brand-investment platform Go Global Retail has completed its purchase of digitally native fashion retailer, Modcloth, from Walmart. Go Global officially closed on the deal for the online women’s retailer — which carries a range of women’s indie and vintage clothing, shoes, handbags and accessories — on January 27, after receiving financing from Tiger Capital Group. According to Jeff Streader, managing director of Go Global, the […]
Company’s LA-based audiovisual vertical posts a 50 percent increase in total dollar volume for auctions, liquidations and turnkey sales in 2019; buyers and bidders increase by 40 percent. LOS ANGELES, Feb. 18, 2020 /PRNewswire/ — The audiovisual vertical within Tiger Group‘s Commercial & Industrial Division posted record sales of excess and underutilized AV equipment in 2019, further cementing its position as a leader in the disposition […]
SAN BERNARDINO, Calif., Jan. 23, 2020 /PRNewswire/ — Tiger Group, in cooperation with Aaron Equipment, GA Global Partners and Perry Videx, is now accepting bids for a live online webcast auction on February 6 of thermoforming and plastic sheet extrusion lines, grinders and shredders, as well as printing presses, a machine shop, material handling and other equipment from a recently closed San Bernardino plant operated by D&W Fine Pack. […]
Barneys store liquidation sales to begin as soon as bankruptcy deal closes, private sales start next week PUBLISHED FRI, NOV 1 20194:31 PM EDTUPDATED FRI, NOV 1 20196:57 PM EDT Elly Cosgrove@ELLYCOSGROVE Store liquidation sales at Barneys New York will begin soon, according to a release issued Friday. Private sales will begin next week for Barneys’ “most loyal” customers, the Great American Group and […]
Surplus Keslow Cinematography Gear Up For Auction — Tiger Group, Hilco Industrial selling excess cameras, lenses, other equipment in a live/online auction webcast as cinematography equipment rental company continues to trim inventories following acquisition LOS ANGELES, Oct. 14, 2019 /CNW/ — Tiger Group, in cooperation with Hilco Industrial, is holding a live/online auction webcast this month for high-quality, surplus cinematography gear that is excess to the ongoing operations of […]
Tiger Group Sells Stake in BikeCo, LLC to Advanced Holdings Co., Leaving Recapitalized Wholesale Distributor Positioned for Growth PHILADELPHIA, Oct. 2, 2019 /PRNewswire/ — Less than a year after co-leading the acquisition of the wholesale bicycle operations of Advanced Sports Enterprises (ASE) in bankruptcy court, Tiger Capital Group has sold its stake in the newly formed BikeCo, LLC to joint venture partner Advanced Holdings Co. Ltd. […]
More Than 1,500 Well-Maintained Cranes, Lifts, Telehandlers, Excavators and Other Assets from Aerial Access Equipment are Available for Immediate Purchase BATON ROUGE, La., Sept. 12, 2019 /PRNewswire/ — As part of the wind-down of the largest independent regional equipment rental fleet on the Gulf Coast, Tiger Group is accepting offers for construction rental equipment assets owned by Aerial Access Equipment. Well-maintained assets available for immediate sale include than […]
Well-Maintained Electrical Contracting Service Equipment, Vehicles, Tools and Other Assets Up for Bid at Bankruptcy Auction ST. PAUL, Minn., Sept. 11, 2019 /PRNewswire/ — By order of the U.S. Bankruptcy Court, District of Minnesota, Tiger Group, in cooperation with Loeb Winternitz, will conduct an online-only offering for well-maintained trencher/cable plows, hydraulic mini excavators, service trucks and other vehicles, and electrical parts inventory formerly owned by People’s Electric Co., […]
Assets of Late-Model Screen Printing Operation Offered For Sale KERNERSVILLE, N.C. — August 7, 2019 — Tiger Group will be conducting an online auction on August 20 of assets from a pristine, late-model screen printing operation owned by Castle Shirt Co., which is relocating from Kernersville. Assets on the block include M&R screen printing machines, flash cure units, Amscomatic folding machines and dryers, plant support, […]
Liquidation Sale Set for Surplus Keslow Cinematography Assets LOS ANGELES, June 26, 2019 /PRNewswire/ — Tiger Group and Hilco Industrial are liquidating high-quality, surplus cinematography rental gear excess to the ongoing operations of Keslow Camera, North America’s largest motion picture camera equipment rental house. The offering is designed to reduce inventory redundancies that followed Keslow’s August 2017acquisition of Clairmont Camera. The assets, most of which come with […]
Assets Of Canadian Textile Dyeing, Finishing Plant And Quilting Facility Operated By Doubletex Inc. Up For Bid At Auction MONTREAL — June 25, 2019 — Tiger Group and International Textile Machinery Sales will begin accepting offers on July 10 for an online auction of a complete dyeing, finishing and quilting facility operated by Doubletex, a Canadian textile company. Scheduled to be closed just prior to […]
Tiger Group Selected by Wide Range of AV Rental Firms to Manage, Sell Surplus Gear When leading AV companies — including PRG/VER, Keslow Camera, Illumination Dynamics, and Birns & Sawyer — choose to trim their surplus inventory and raise additional capital for inventory refreshment, they often turn to Tiger Group to execute auctions, liquidations, turnkey business sales and other sale solutions. Similarly, when Cineworks, Inc.’s […]
Cineworks Rental Inventory Going Up for Auction in June With the retirement of owner Deborah Maxwell, the complete inventory of North Hollywood rental company Cineworks is going up for auction next month, according to Tiger Group, which will manage the auction. Inventory that will be sold off include a large assortment of HMI and tungsten LED fixtures from manufacturers including Arri, Kino Flo, Mole Richardson, […]
Metropolitan Furniture closing last Houston store E-commerce disruption, national competitors played into retreat By Clint Engel HOUSTON — Metropolitan Furniture here is closing its flagship and only remaining store here after 73 years in business. The family-owned retailer, founded by brothers Harry, Sammy and Hymie Abramson in 1946, hired Tiger Capital Group to run the Going-out-of-Business sales at its 60,000-square-foot showroom at 7400 North Freeway […]
Complete Biofuel Technology Operation in Texas Up for Turnkey Sale or Piecemeal Bids at Auction PASADENA, Texas, April 25, 2019 /PRNewswire/ — Tiger Group and Federal Equipment Co. will conduct an online auction of the complete assets formerly owned by biofuel technology company Inaeris Technologies on May 9. The professionally maintained assets include main, demonstration and pilot plants, along with intellectual property, research and development lab assets and […]
Late-Model Truck And Trailer Fleet Up For Auction In Canada Tiger Group, Liquidity Services to sell 160 units of truck tractors, refrigerated and dry trailers, and other rolling stock formerly owned by Terra Nova Transport in an online auction on www.Go-Dove.com BOUCHERVILLE, Quebec, April 23, 2019 /CNW/ — By order of the Quebec Superior Court, Tiger Group and Liquidity Services are conducting an online-only auction of a large […]
Tiger Group, Federal Equipment to sell complete assets formerly owned by Inaeris Technologies, including labs, plants, IP, R&D in May 9 online auction PASADENA, Texas, April 25, 2019 /PRNewswire/ — Tiger Group and Federal Equipment Co. will conduct an online auction of the complete assets formerly owned by biofuel technology company Inaeris Technologies on May 9. The professionally maintained assets include main, demonstration and pilot plants, along with […]
Liquidation 101: Sorting Fact from Fiction When asked what I do for a living, I usually explain that I started as a bankruptcy and corporate attorney and now work as an asset-disposition executive for a global firm called Tiger Capital Group. If the inquiry comes from a financial-sector professional, I’ll get a quick nod of understanding. Often, though, I’m met with a blank stare. “Part […]
U.S. Retail Stores’ Planned Closings Already Exceed 2018 Total By Sapna Maheshwari As an executive vice president at Great American Group, a firm that helps liquidate the merchandise, clothing racks and mannequins at stores that are closing, Ryan Mulcunry has been watching booms and busts in the retail industry for almost two decades. Companies like his have been busy in recent years, but lately one thing […]
Tiger Capital Group Promotes Eight Executives to Managing Director Those named managing director are: Bruce Armbruster, director of marketing; Andy Babcock, director of Capital Solutions; John Cronin, director of Planning and Analysis; Ryan Davis, director of Appraisals; Arnold L. Jacobs, director, Field Operations & Merchandising; Ana Leon, director of Operations; Fred Raccosta, director of business development; and Jason Rae, director of business development. The executives, […]
Tiger Group selling excess equipment from entertainment and event production technology leaders PRG and VER LOS ANGELES, Feb. 28, 2019 /PRNewswire/ — Convention centers, theaters, religious organizations, nightclub owners, and others can snatch up pro-level projection equipment at a steep discount when Tiger Group liquidates high-quality projectors and lenses from PRG, the global leader in production services and solutions, and VER, the largest provider of rental equipment […]
Retail and the Debt ‘Tipping Point’ The unsettling headlines in retail just keep on coming. One of the latest going-out-of-business events—the closing of Payless ShoeSource’s North American operations—stands as the largest liquidation by store count in U.S. history. My firm, Tiger Capital Group, along with joint venture partner Great American Group, began liquidating $1 billion in inventory at 2,300 Payless stores this past February. The […]
The Dump consolidating Philly footprint Will close one store and launch a new high-end concept in the other Clint Engel, February 28, 2019 PHILADELPHIA — The Dump, part of Top 100 Haynes Furniture, is liquidating one Philadelphia market store and selling off inventory at the other with plans to introduce a new concept in a single market store. The off-price retailer will begin a store […]
Payless ShoesSource Conducting Store Closing Sales At All Stores In The United States And Canada Great American Group and Tiger Capital Group Liquidating $1 Billion of Inventory; Initial Discounts of Up to 40 Percent Off TOPEKA, KS (2/25/2019) —Payless ShoeSource is now holding store closing sales at all retail locations in North America. This is the largest liquidation event, by store count, in retail history […]
Tiger Group to Sell Assets Formerly Owned by Zacky Farms in Two Auctions Pursuant to a UCC foreclosure process, Tiger Group in cooperation with Barliant Auctions, is now accepting bids for a live online auction on March 5 for more than 200 units of well-maintained — as new as 2016 — rolling stock and farm equipment, including truck and farm tractors, poultry haulers, feed trailers, […]
New owners say they are committed to running ASI wholesale business by Stephen Frothingham PHILADELPHIA (BRAIN) — Part of the group that has agreed to purchase the assets of Advanced Sports Enterprises said Tuesday that they are committed to operating ASE’s wholesale business, Advanced Sports Inc., and will continue selling ASI’s brands including Fuji, Kestrel, SE, Breezer, Tuesday and component brand Oval Concepts. “We are […]
Great American Group, Tiger Capital Group, Hilco Merchant Resources, and Gordon Brothers to Immediately Liquidate All Merchandise in 798 Stores across the U.S. and Canada LOS ANGELES, Jan. 18, 2019 (GLOBE NEWSWIRE) — Store closing sales will begin today at 798 Gymboree and Crazy 8 locations throughout the United States and Canada. The closing sales will be operated by a consortium of leading asset disposition […]
January 10, 2019 Edited by Kelly Maile Electronics recycling, sorting lines and material handling equipment for sale in Jan. 24 online auction. Bids are now being accepted for a live online auction Jan. 24 of well-maintained electronics recycling, glass sorting, crush and CRT separation and sorting lines; as well as warehouse, material handling and other equipment from an electronics recycling facility formerly owned by ECS […]
Four New Members Elected to Greenway Conservancy Board The Rose Kennedy Greenway Conservancy, the non-profit responsible for management and care of the Greenway, has announced four new members will join its Board of Directors beginning January 1, 2019. North End resident Carmine Guarino was nominated by the North End Waterfront Neighborhood Council (NEWNC). Guarino will join the Board with Bradley W. Snyder who was nominated […]
Tiger Group Selling Excess Filmmaking Equipment from Illumination Dynamics Tiger Group is liquidating high-quality studio and automated stage lighting surplus to the ongoing operations of Illumination Dynamics, valued at more than $5 million. This is a unique offering of professionally maintained and serviced equipment. According to the Company’s Website, Illumination Dynamics (ID) is a full-service rental equipment provider with offices in Los Angeles and Charlotte. […]
Tiger Group, Liquidity Services Partner to Focus on Distressed Assets in Biopharma Tiger Group and Liquidity Services, Inc. announced the launch of a partnership focused on rapid, efficient and high-recovery disposition of assets from distressed organizations in the biopharmaceutical manufacturing industry. Tiger Liquidity Services Biopharma Partners is comprised of two companies with substantial capital resources as well as deep experience in sector-specific asset valuations, sales […]
Tiger Capital Group – Diversifying to Meet Evolving Market Demands Over the past several years, Tiger Capital Group has been a partner in some of the most high-profile retail liquidations and store closing sales – everything from the recent Toys ‘R’ Us and Bon-Ton GOBs to Sears Canada, Gymboree, Gander Mountain, HH Gregg, Bebe, PayLess Shoe, and Gordman’s. But there’s a great deal more to […]
Regional home-improvement/furnishings chain liquidating Home Owners Bargain Outlet is going out of business. The chain, which filed for Chapter 11 bankruptcy protection on October 26, 2018, is closing its seven stores (five in the Chicago area and two in Wisconsin). Joint venture partners Tiger Group, Great American Group (a subsidiary of B. Riley Financial) and HyperAMS are liquidating HOBO’s entire inventory of about 1.5 million […]
Tiger Group to Host Auction for Legendary Camera Rental Firm, Birns & Sawyer Tiger Group is currently accepting offers for a sealed-bid offering of the iconic TV and film production equipment rental and sales house Birns & Sawyer following the retirement of the business’ owner. All assets are being offered as a turnkey opportunity, with bids due by October 16th. Founded in 1954, Birns & […]
Late-Model Tractor Truck and Tank Trailer Fleet Up For Sale Tiger Group to sell over 30 oilfield tractor trucks, crude oil tankers formerly owned by S&S Heavy Haul in September 25 online auction IDAHO FALLS, Idaho, Sept. 18, 2018 /PRNewswire/ — By order of the U.S. Bankruptcy Court, Tiger Group in cooperation with Liquidity Services is conducting an online-only offering of late-model Kenworth, Peterbilt and other […]
Trends in Major Retail Liquidations: Potential Unintended Consequences By: Jack Rapp Date: Sep 06, 2018 @ 07:00 AM The Toys ‘R’ Us liquidation conducted this year was remarkable for its scale. It involved more than 800 stores and hinged on the combined efforts of Tiger Capital Group, Great American Group, Hilco Merchant Resources and Gordon Brothers. However, it was noteworthy for another reason—instead of guaranteeing […]
Tiger Capital joins Norwegian group, invests in Permian pumper Through a $5 million capital infusion, Norwegian private equity firm Norse Partners and the founders of Commander oilfield services will grow again. Tiger Capital Group, based in Houston, is providing the Permian-focused pressure pumper with money to acquire additional assets. The funds will be used to purchase equipment in high-pressure pumping operations, ranging from 2,600 hp […]
Tiger Capital Group Provides Capital Infusion to Commander Oilfield Services NEW YORK Aug. 21, 2018 /PRNewswire/ — Tiger Capital Group announced that it has provided Commander Oilfield Services, LLC (“Commander”) with a $5 million capital infusion that allows the company to add premium assets and expand its service lines to meet strong customer demand in the Permian Basin. Commander, which was formed by Scott Milliren, Kyle […]
TIGER GROUP, SCHNEIDER INDUSTRIES TO SELL COMPLETE BREWERY ASSETS OF OLDE SARATOGA BREWING, INCLUDING PRISTINE BREW HOUSE AND BOTTLING LINE, IN AUGUST 28 ONLINE AUCTION SARATOGA SPRINGS, N.Y., Aug. 14, 2018 /PRNewswire/ — Tiger Group and Schneider Industries, Inc. will conduct a live online auction of the complete brewing operations of Olde Saratoga Brewing on August 28. Following the closure of the New York subsidiary of California-based […]
Tiger Capital Group Provides Operating Capital to Epoca International BOSTON, Aug. 13, 2018 /PRNewswire/ — Tiger Capital Group announced that it has provided $5 million in special project financing to the sole license holder of Walmart’s rapidly growing Tasty Housewares product lines, including its highly popular Tasty Cookware. The capital infusion enables Boca Raton, Fla.-based Epoca International, Inc., to ramp up production in response to strong sales […]
Tiger Group, Hilco Industrial to sell excess cameras, lenses, other equipment from major motion picture camera equipment rental companies in August 14 online auction LOS ANGELES, Aug. 2, 2018 /PRNewswire/ — In the wake of inventory redundancies that followed Keslow Camera’s August 2017 acquisition of Clairmont Camera, Tiger Group and Hilco Industrial will conduct a final auction of remaining high-quality surplus cinematography rental gear on […]
Online Auction of High-End Motion Picture Camera Equipment Formerly Owned by Clairmont Camera Ends May 22nd NORTHBROOK, Ill., May 18, 2018 – The August 2017 acquisition of Clairmont Camera by Keslow created a number of inventory redundancies which resulted in the need for the valuable asset sale. Both Hilco Industrial and Tiger Group are conducting the largest online auction ever of high-quality rental surplus cinematography gear […]
Tiger Group, Loeb Winternitz Accepting Bids for Fremont Plastic Asset Sale As part of the orderly wind-down of Fremont Plastic Products Inc., Tiger Group, Loeb Winternitz LLC, and Arlington Plastics Machinery, Inc. are now accepting offers for well-maintained assets of the subsidiary of The Plastics Group, a blow molding company that had operated locations in Ohio and Illinois. The Fremont location includes 18 blow molding […]
Tiger Group to Conduct Online Auction of Screen Printing Equipment BREA, Calif., May 9, 2018 —Tiger Group will conduct an online auction on May 17 for regularly maintained screen printing machines, flash cure units and dryers, plant support, material handling and other equipment no longer needed for the continuing operations of a major screen printing facility in Brea. “Screen printers, apparel manufacturers, and others in the […]
A&G Realty Partners to Manage Sale of 230 Bon-Ton Stores MELVILLE, N.Y., May 8, 2018 —A&G Realty Partners has been retained to dispose all of the real estate assets of The Bon-Ton Stores, Inc., on behalf of a joint venture between Great American Group, LLC (a subsidiary of B. Riley Financial, Inc.), Tiger Capital Group, LLC and Bon-Ton’s Second Lien Noteholders. The joint venture acquired the retailer’s assets […]
Court Approves 363 Sale of The Bon-Ton Stores to Second-Lien Group, Tiger Capital, Great American MILWAUKEE, April 18, 2018 — The Bon-Ton Stores, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has approved an asset purchase agreement between the Company and a joint venture composed of the holders of the Company’s 8.0% Second Lien Secured Notes due 2021 and Great American Group, […]
Toys “R” Us Winds Down U.S. Business, Will Liquidate 735 Stores Boston, March 15, 2018 — Toys “R” Us filed a motion seeking bankruptcy court approval to begin the process of conducting an orderly wind-down of its U.S. business and liquidation of inventory in all 735 of the company’s U.S. stores, including stores in Puerto Rico. Toys “R” Us will provide more details about the plans for […]
Online Auction Set for Mobile Production Units From LMG LOS ANGELES, April 3, 2018 /PRNewswire/ — Tiger Group is currently accepting bids for the sale of fully equipped mobile mid-size production trucks from industry leader Live Mobile Group (LMG). The professionally maintained equipment is located at four sites in California, Louisiana, New Jersey and Ohio. Established in August 2015, Live Mobile Group, a division of […]
Tiger Group, New Mill, Federal Equipment to Host Asset Auction for HRD-Marcus Oil Tiger Group, New Mill Capital and Federal Equipment will conduct an online auction on April 5 of the assets formerly owned by HRD-Marcus Oil. The offering for the polyethylene wax plant’s expansive, well-maintained assets includes production, process, lab and packaging equipment; cooling towers; an extensive truck fleet; plant support equipment; and office […]
Tiger Group Expert: Retail’s Downward Slide to Continue in 2018 NEW YORK, Feb. 28, 2018 /PRNewswire/ — Retailer bankruptcy filings in 2017 approached numbers not seen since the Great Recession—a trend that will continue for the rest of this year and likely into 2019 as well, writes Michael McGrail, Chief Operating Officer of Tiger Group, in a column for ABL Advisor, an online publication serving the […]
Online Auction Set For Assets of Tribogenics Tiger Group selling laboratory and manufacturing equipment, machine shop, inventory, office furniture and equipment, and other assets of X-Ray materials analysis company via online auction on March 6 Feb 20, 2018, 8:35am EST LOS ANGELES, Feb. 20, 2018 /PRNewswire/ — By order of the assignee for the benefit of creditors, Tiger Group is conducting an online auction for the […]
Tiger Group Appoints Managing Director of Newly-Formed Receivables Division Bruce Passen, a 40-year veteran of the debt purchasing field and former principal of Bikaver Group and CEO of Hilco Receivables, has joined Tiger Group as Managing Director of the company’s newly-formed Tiger Receivables division. Based in Chicago, Passen will direct all account receivables (A/R) purchase activities for the asset valuation, advisory and disposition services firm. […]
Over 150 Toys ‘R’ Us Stores Are About to Have Huge Going-Out-of-Business Sales. Here’s the Full List
Over 150 Toys ‘R’ Us Stores Are About to Have Huge Going-Out-of-Business Sales. Here’s the Full List Toys “R” Us will soon be hosting going-out-of-business sales at over 150 of its stores across the country. The chain’s CEO David Brandon announced on Tuesday that the toy retailer would be closing a number of its stores after filing for bankruptcy, planning to close a total of […]
Tiger Group Appoints Managing Director of Newly-Formed Receivables Division Bruce Passen, a 40-year veteran of the debt purchasing field and former principal of Bikaver Group and CEO of Hilco Receivables, has joined Tiger Group as Managing Director of the company’s newly-formed Tiger Receivables division. Based in Chicago, Passen will direct all account receivables (A/R) purchase activities for the asset valuation, advisory and disposition services firm. […]
Tiger Group Appoints Chad Farrell, Managing Director in Commercial & Industrial Division Tiger Group, a provider of asset valuation, advisory and disposition services, announced that Chad Farrell has joined the firm’s Commercial & Industrial Division as Managing Director. Farrell brings to Tiger deep experience in the disposition, valuation, and auction of machinery, equipment, inventory, and real property. He also offers significant experience in the creation […]
Houston-based construction equipment rental company liquidating Houston-based Prime Equip Solutions, a construction equipment rental company that changed hands twice since 2012, is liquidating its assets. Tiger Group is handling the asset sales in cooperation with Liquidity Services, according to a Jan. 30 press release. The assets include late-model telescopic and articulated boom lifts, excavators, wheel loaders, single-drum rollers, backhoes and track loaders. On-site visits are […]
Assets of The Carlson Co. Inc. Up For Auction Tiger Group and New Mill Capital have announced they will conduct an online auction Feb. 7 to sell all assets from retail fixture manufacturer The Carlson Co. Inc. For more than 30 years, Madison, Wis.-based The Carlson Co. Inc. manufactured fixtures and cabinetry for some of the world’s leading high-end retailers. Following the retirement of its […]
Tiger Group Names Tepper Business Development Officer David L. Tepper, a 25-year veteran of the valuation, banking and financial management industries, has joined Tiger Group as Business Development Officer for the Western U.S. From his base in the asset valuation, advisory and disposition services firm’s Los Angeles office, Tepper will initially work alongside longtime Director of Business Development Rick Briggs, who will be retiring this […]
Calypso St. Barth to Liquidate All Inventory Nationwide After Filing for Bankruptcy Calypso St. Barth, which filed for Chapter 7 bankruptcy on November 29, is having a liquidation sale to unload its product. Resort wear, home goods, and more are being offered at 25% to 50% off retail. The goods will come from 25 of Calypso’s boutiques (nine of which have already closed and the […]
Tiger Group to Auction Equipment from Classic Hollywood Camera Rental Firm A thick slice of Hollywood—from classic movie memorabilia to state-of-the art AV equipment—will be up for sale when Tiger Group conducts an online-only offering of professionally maintained cameras, lenses, electronics, accessories, movie memorabilia and other assets no longer needed for the continuing operations of Birns & Sawyer, Inc. Online bidding is now under way […]
Sears Canada Wins Court Approval to Liquidate Remaining Stores Hilco Global, Gordon Brothers, Tiger Capital Group and Great American Group to Liquidate All Inventory at Closing Canadian Sears Department Stores and Home Stores TORONTO, Oct. 19, 2017 /CNW/ – Sears Canada Inc. (“Sears Canada” or the “Company”) announced today that a joint venture (“JV”) group will be operating liquidation sales beginning this Thursday, October 19, […]
Sears Canada Wins Court Approval to Liquidate Remaining Stores Sears Canada Inc. received court approval to begin liquidating its stores as the insolvent retailer moves to wind up 65 years of business after failing to adapt to changing consumer tastes. The Toronto-based chain’s plan to begin selling off its inventory on Oct. 19 was approved by Justice Glenn Hainey in Ontario Superior Court of Justice […]
Following plant closure, PendaForm to sell equipment in online auction Thermoformer PendaForm Co. is selling plastics extrusion and thermoforming equipment, among other assets, in an online auction following the closure of its facility in Bluffton, Ind., earlier this year. PendaForm, a maker of thermoformed plastic truck bed liners and other accessories for aftermarket customers and automotive OEMs, announced the closing of its 86,000-square-foot plant in […]
Late-Model Assets of Screen Printing and Embroidery Facility Offered for Sale APPLETON, Wis., Sept. 26, 2017 /PRNewswire/ — Tiger Group, in cooperation with Liquidity Services and Seritech Inc., is currently accepting bids for the sale of pristine, late-model screen printing and embroidery machines, flash cure units and dryers, plant support and other assets in Appleton, as a major apparel company converts its embellishment facility into a […]
Machinery & Equipment, Other Assets of Automotive Supplier S&S Precision to be Sold in Online Auction Tiger Group will conduct an online-only offering of buildings, CNC machining equipment, screw machines, drill presses, grinders, tools, plant support, and other assets of S&S Screw Machine Co. LLC (doing business as S&S Precision), a machining, fabrication, and coating company in Sparta, Tenn., that served the automotive industry. Online […]
Tiger Group Accepting Bids for Turnkey Sale of California Aerospace Firm By order of the assignee for the benefit of creditors, Tiger Group, in cooperation with Cloud Investment Partners, is conducting a sealed bid offering for the turnkey sale of the assets of Pacific Aerospace Resources & Technologies LLC (PART). The offering of the maintenance, repair and overhaul (MRO) facility includes favorable leases for three […]
Assets of Pacific Aerospace Resources & Technologies LLC Offered in Sealed Bid Turnkey Sale Calif. MRO facility being sold by Tiger Group and Cloud Investment Partners VICTORVILLE, Calif., Aug. 24, 2017 /PRNewswire/ — By order of the assignee for the benefit of creditors, Tiger Group, in cooperation with Cloud Investment Partners, is conducting a sealed bid offering for the turnkey sale of the assets of Pacific […]
Tiger Group, Auction Management Corp. to Host Turnkey Sale for Confirmatrix Laboratory Inc. By order of the U.S. Bankruptcy Court, Tiger Group, in cooperation with Auction Management Corp., is conducting a sealed bid offering for the turnkey sale of the late-model facility, real property and other assets of Confirmatrix Laboratory Inc., a fully operational independent toxicology and clinical blood laboratory. The metro-Atlanta business is located […]
> TIGER GROUP Raising the Bar on Accuracy In a Risk-Laden Environment The Tiger Never Sleeps: As Retail Distress Continues, Tiger Group Provides More Sophisticated Services BY NADINE BONNER The liquidation business has made great strides since Tiger Group opened its doors in 2001. ABF Journal editor Nadine Bonner speaks with Tiger Co-Founder Dan Kane and COO Michael McGrail to discover how two accountants helped […]
Jeremy Halford Joins Tiger Group as Managing Director of Commercial & Industrial Division LOS ANGELES, July 26, 2017 /PRNewswire/ — Jeremy R. Halford, a veteran of the international banking and insolvency industries, has joined Tiger Group as Managing Director of the asset valuation, advisory and disposition services firm’s Commercial & Industrial Division. Halford comes to Tiger with over 20 years of experience in restructuring, distressed […]
Sears Canada Liquidation Sales Begin At 54 Locations Nationwide TORONTO — The liquidation sales at 54 Sears Canada Inc. locations began Friday, a process the company hopes will help it emerge from creditor protection later this year. The process includes 20 full-line, 15 Sears Home, 10 Outlet and nine Hometown locations in every province except Prince Edward Island. The sales are being run by a […]
Gymboree closing 350 stores Company says move will help it emerge from bankruptcy Gymboree, the bankrupt children’s clothing retailer, has announced it will close 350 stores following what it calls “a comprehensive evaluation of its retail footprint.” The review was called for under its court-supervised financial restructuring. Company officials say maintaining a smaller number of stores, in the most profitable locations, will enable the retailer […]
Tiger Group Appoints Director of Business Development, Midwest Rick L. Barfield, a veteran of the asset-based lending field, has joined Tiger Group as Director of Business Development for the asset valuation, advisory and disposition services firm’s Midwest region. From his base in Chicago, Barfield will lead the Midwest business development efforts for Tiger’s asset appraisal practice, serving the asset-based lending, turnaround, private equity and investment […]
Tiger Capital Group Appoints New General Counsel Mark Naughton has joined Tiger Capital Group as Senior General Counsel. The veteran in-house and outside counsel comes to the New York-headquartered asset valuation, advisory and disposition services firm with over 14 years’ experience in asset disposition projects and 30 years of experience in bankruptcy-related services. He represents debtors, trustees, secured creditors, creditors’ committees, and unsecured creditors in […]
How to Close a Store Where the clothing, mannequins, and hangers go when the lights shut off. BY ELIZA BROOKE MAY 18, 2017, 10:17AM EDT “Free hangers,” said the sign in the window of American Apparel on Brooklyn’s Smith Street. The doors were locked and nobody was inside, though a few fluorescent light fixtures glowed on the bare walls. Someone had left an iced coffee […]
Going- Out- of- Business Sales To Be Held At All Gander Mountain Liquidation of $800 Million of Outdoor Specialty Merchandise to begin Thursday, May 4th at 126 Locations Across 23 States SAINT PAUL, Minn. (5/4/17) – Inventory liquidation sales will begin on Thursday, May 4, 2017 at all Gander Mountain (GDMIN.UL) store locations – offering shoppers deep discounts on top brand-name outdoor gear. The nationwide […]
Tiger Group to Host Auction of Film Equipment for Schumacher Camera By order of Steven A. Nerger, court-appointed receiver for Schumacher Camera, Tiger Group will conduct an online-only sale on May 25th of hundreds of professionally maintained film production cameras and related equipment from companies like ARRI, Canon, Optex, and Zeiss. This unique opportunity features high-end digital and film cameras, lenses, fluid heads, monitors and […]
Tiger Group, Shaffer & Max Accepting Offers on Well-Maintained Dyeing, Finishing Equipment April 27, 2017, 07:00 AM Tiger Group and Shaffer & Max International are now accepting offers for assets of a well-maintained knit goods dyeing and finishing plant that is no longer needed for the continuing operations of Polartec. Assets from the 600,000-square-foot facility include dryers, dyeing machines, finishing and support equipment. Polartec–a premium […]
HHGregg Will Close All 220 of Its Stores After Failing to Find A Buyer Phil Wahba – Apr 07, 2017 Another retailer bites the dust. The management of hhgregg said on Friday afternoon that the company was closing all 220 of its stores and going out of business entirely, having failed to find a buyer for the furniture, electronics and appliance retailer in bankruptcy court. […]
Women’s Fashion Retailer Bebe Closing All Stores Paul J. Gough, Digital Producer – Pittsburgh Business Times Apr 21, 2017, 12:44pm EDT Add another retailer to the casualty list: Bebe. Bebe Stores Inc., a women’s apparel store, announced plans to shut all 168 of its locations nationwide by the end of May. The announcement, disclosed in a filing Friday with the U.S. Securities and Exchange Commission, […]
Tiger Capital Group and Great American Group to Liquidate 48 Gordmans Stores LOS ANGELES, April 10, 2017 (GLOBE NEWSWIRE) — Tiger Capital Group, LLC, which provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients, and Great American Group, LLC, a leading provider of advisory and valuation services, and a subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), announced […]
Payless Brings On Liquidators to Begin Store Closing Sales The struggling retailer will be liquidating nearly 400 stores over the coming weeks as part of its ongoing bankruptcy. By Kali Hays on April 13, 2017 Payless ShoeSource is set to begin the liquidation of almost 400 stores as part of its bankruptcy process. With the oversight of a joint venture between liquidation advisers Great American […]
Movie cars and other fun things There is an almost-cultlike following of movie-car collecting. If a collector has one, he or she, likely, has two or more and has hopes to bring home another one. Here’s that hopeful opportunity to add a film star to their collection — or for someone to get started. Picture Car Warehouse is thinning its herd in an online-only sale […]
SMT/PCB Contract Manufacturing Assets to Be Auctioned CARROLLTON, Texas, April 4, 2017 Due to the winding down of operations, Tiger Group and EquipNet will conduct an online-only sale on April 18th for SMT (surface mount technology) equipment, inventory, plant support and other assets owned by McDonald Technologies, an SMT/ PCB contract manufacturer. The assets include three SMT assembly lines, test equipment, more than $2.5 million […]
More than 300 surplus movie, TV vehicles set for online auction Even if your personal movie-star career hasn’t taken off, there is a way to own a piece of Hollywood and drive it every day. More than 300 cars, trucks, motorcycles and specialty vehicles that have appeared in movies, TV shows and commercials will be auctioned in online bidding April 20-27 as Picture Car Warehouse […]
Imported Steel Impacts Domestic Production by MAURA KELLER As one of the most recycled metals on the planet, steel has offered an extremely high recycling rate, which as recently as 2012, stood at 88 percent. However the recycled steel industry has been a cyclical one, with both up and down months, relating to both price and demand. Since January 2014, we’ve seen roughly a 60 […]
Gander Mountain To Begin Liquidations On 32 Locations Tiger Capital Group and Great American Group have been chosen to assist Gander Mountain in the closure of 32 under-performing locations across the United States. The St. Paul, Minn.-based retailer, which filed for Chapter 11 bankruptcy protection on March 10 in the U.S. Bankruptcy Court for the District of Minnesota, received court approval to launch the liquidation […]
Why shoppers can expect Christmas-like deals at their local malls By Lisa Fickenscher | The New York Post With spring less than a week away, shoppers may be surprised to find Christmas-like sales at their local malls. At the Marketplace Mall in Rochester, Macy’s was recently advertising Martha Stewart bath towels at just over $5 each for coupon clippers, down from $20. JCPenney, meanwhile, has been hawking […]
Late Model Farm, Construction, Other Equipment for Sale Tiger Group and Rabin Worldwide to sell equipment formerly owned by Kingman Farms in March 23 live/webcast auction KINGMAN, Ariz., March 13, 2017 /PRNewswire/ — By order of the Bankruptcy Court, Tiger Group, in cooperation with Rabin Worldwide, will conduct a live/webcast auction on March 23 of assets formerly owned by Kingman Farms. Late-model, well-maintained equipment– including […]
Mall-Based Apparel Chain Vanity Shuttering All 137 Stores Chainwide liquidation conducted by Tiger Group gives shoppers big discounts on a wide variety of women’s and juniors’ apparel and accessories. FARGO, ND–(Marketwired – Mar 7, 2017) – Vanity Shop of Grand Forks, Inc., is closing all 137 of its Vanity stores, providing shoppers in 27 states with significant discounts on over $29 million (at MSRP) of […]
Post Production Equipment Online Auction March 7th POST-Production Equipment, Computers, Artwork, High-End Collectible Furnishings and other Assets Available in March 7 Online Auction By Noland Anderson LOS ANGELES, Calif. (3/2/17)— Tiger Group will conduct an online-only sale on March 7th for post-production equipment; computers; high-end collectible furnishings and memorabilia no longer needed for the ongoing operations of reality TV production company Good Clean Fun. Assets […]
For sports retailers, clock has run out Just one major chain, Dick’s is flourishing as others fall victim to online competition BY NATHAN BOMEY USA TODAY Sporting goods stores are down for the count. The scourge of insolvency is sweeping through the sector as online sellers gain the upper hand over yet another corner of retail just recently dominated by big-box chains, specialty stores and mom-and-pop […]
Brand Revival Investors and entrepreneurs are buying up the intellectual property assets of bankrupt retail brands, with some aiming to resurrect them as web-only retailers. BY MATT LINDNER Associate Editor Half the retailers that file for bankruptcy don’t emerge from it, according to a 2016 study of 30 U.S. retailers by credit rating agency Fitch Ratings Inc. That leaves the court system to oversee the liquidation […]
Equipment from Former Flexible Packaging and Printing Plant Hits Auction Block Tiger Group and New Mill Capital to sell all equipment from global flexible packaging company’s former St. Louis-area plant on March 8th and 9th via online auction; 260,000-square-foot plant on 30 acres also offered for sale or lease. HAZELWOOD, Mo., Feb. 22, 2017 /PRNewswire/ — Tiger Group and New Mill Capital will conduct an […]
MC Sports to Liquidate All 66 Stores Going Out of Business sale by Tiger Group and Great American Group brings discounts on top-name brands to shoppers in Ohio, Michigan, Indiana, Illinois, Iowa, Wisconsin and Missouri. GRAND RAPIDS, Mich. (2/17/17)—MC Sports is closing all 66 of its stores across the Midwest, providing shoppers in seven states with significant discounts on over $110 million of top-name sporting […]
Former Pillsbury Dough Production Plant & Equipment Offered For Sale New Mill Capital and Tiger Group to sell all equipment from the former Pillsbury New Albany, Ind. plant on Feb.16 via live webcast auction; the 450,000-sq.-ft. facility is also being offered for sale or lease NEW ALBANY, Ind. (1/25/17)— New Mill Capital and Tiger Group will conduct a live webcast auction sale on February 16, […]
Tiger Liquidity Services Energy Partners to conduct online auction for equipment HOUSTON — Tiger Liquidity Services Energy Partners (TLSEP), a strategic alliance between Tiger Group and Liquidity Services, Inc., will conduct an online auction on Dec. 13 for assets that are no longer needed for the continuing operations of Aly Energy Services, Inc., a Houston-based oilfield manufacturing, rental and services company. The assets, which support […]
Tiger Liquidity Services Energy Partners (TLSEP), a strategic alliance between Tiger Group and Liquidity Services, Inc., under the direction of court appointed receiver Stapleton Inc., is conducting a major auction of all operational equipment of Pacific Process Systems. The assets are located in strategic basins in Bakersfield, CA; Amity, PA; and Odessa, TX that support client operations. The sale is the latest project for the […]
Tiger Capital Group to Auction Assets of ITT Educational Services —Well-maintained furniture, fixtures and equipment consolidated from 106 locations to warehouse sites in Florida, Maryland and Oklahoma available in three online auctions By order of the Bankruptcy Trustee of ITT Educational Services, Tiger Capital Group is conducting three online auctions next month for furniture, fixtures and equipment from the nationwide career college. The assets have […]
Have No Fear: Why the Rise of Amazon Is Good For the ABL Sector By Andy Babcock and Ryan Davis The metamorphosis of Amazon from a bookseller to one of the largest retailers on the planet has permanently changed the business landscape. Yet ABL lenders have hesitated to lend against inventory held at Amazon’s warehouses. Tiger Capital’s Andy Babcock and Ryan Davis assuage lenders’ fears. […]
General Mills Sells Plant in Indiana to Investor Group Joint Venture of New Mill Capital Holdings and Tiger Group Purchases 455,000-Square- Foot Facility in New Albany, Indiana NEW ALBANY, Ind. –(11/15/16)–A Joint Venture of New Mill Capital Holdings (www.newmillcapital.com) and Tiger Capital Group, (www.tigergroup.com), both based in New York, has acquired a former dough-products manufacturing plant in New Albany from General Mills. The transaction, which […]
Garden Fresh Restaurant Corp. To Auction Off Select Assets At the direction of the bankruptcy estate, Tiger Capital Group’s Commercial & Industrial Division will conduct an online auction on October 24 for cooking, food preparation, dining, support and other equipment—some as new as 2016—from 11 restaurant locations owned by Garden Fresh Restaurant Corp. in the Chicago and Dallas markets. Ovens, mixers, refrigeration, dining tables, chairs, […]
Tiger Capital, New Mill to Repositon Former St. Louis Printpack Plant A joint venture of Tiger Capital Group and New Mill Capital Holdings has acquired the former Printpack printing plant in Hazelwood. The New York-based firms are currently exploring options for redeveloping the 30-acre site for new manufacturing or distribution uses, with incentives available to those bringing business to the city. The 260,000- square-foot plant, […]
Store Closing Sales Begin at 59 Golfsmith Locations Nationwide Gordon Brothers, Hilco Merchant Resources and Tiger Capital Group managing complete liquidation of inventory, fixtures and equipment at all closing stores. NORTHBROOK, ILL., Nov. 3, 2016 (GLOBE NEWSWIRE) — Store closing sales have just started at 59 Golfsmith stores throughout the nation. Storewide discounts of up to 30% off original prices of all merchandise are being offered at […]
Iconic Smith Bros. Store To Liquidate All Inventory In Retirement Sale –Beloved, 38-year-old location to close; once-in-a-lifetime discounts available on horse tack and equipment, boots and apparel, roping and barrel-racing products, horse care supplies and much more. DENTON, Texas (10/13/16)—After 38 years, Smith Bros.—the Western riding retailer beloved by riders, ranchers, ropers, barrel-racers and other horse enthusiasts from across North Texas and Southern Oklahoma—is selling […]
Intermodal Depot Facility’s Assets To Be Auctioned -Tiger Group to sell forklifts, rolling stock, welders and other assets From Off Dock USA in October18th online sale; bidding opens October 11th CARSON, Calif. (10/10/16)— By order of the secured lender, Tiger Capital Group’s Commercial & Industrial Division will conduct an online auction on October 18 for equipment formerly owned by Off Dock USA, a premier intermodal […]
A&G Realty Partners and Tiger Capital Group Retained by Bankruptcy Trustee To Manage Sale of ITT Educational Services Assets –30 owned properties and 111 leases; furniture, fixtures and equipment, and certain IP available MELVILLE, N.Y., Oct. 6, 2016 /PRNewswire/ — A&G Realty Partners and Tiger Capital Group have been retained by the Trustee of ITT Educational Services Inc. to manage the sale of the Company’s owned […]
In Sporting Goods Retail, There Can Only Be Two By: Michael McGrail Date: Sep 27, 2016 @ 07:00 AM Filed Under: Retail At first glance, it might seem that national sporting goods chains should have the wind at their backs: U.S. personal income is expected to rise or hold through 2017, and researchers at Morgan Stanley cite dramatic growth in sports participation in North America, particularly […]
Heavy Duty Pickups And Trailers, Tools, Telecom Testing Equipment, And Office Furniture Available In Sept. 22 Online Auction –Tiger Group selling assets of Marali Telecom Systems, Inc. INDIANAPOLIS, Ind. and HIGHLAND VILLAGE, Texas (9/13/16)— Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on September 20 of assets formerly owned by Marali Telecom Systems, Inc. The offering from the shuttered telecommunications construction […]
Glass Installation Equipment, Inventory, Fleet Vehicles And Real Estate Available In Sept. 20 Online Auction –Tiger Group selling assets of bankrupt Banner Glass, Inc. ELLICOTT CITY, Md. and LEESBURG, Va. (9/7/16)— By order of the U.S. Bankruptcy Court, Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on September 20 of glass installation equipment, inventory, a vehicle fleet and real property formerly […]
More Than $1 Million Of Post-Production Studio Assets Available In August 16 Online Auction –Tiger Group selling state-of-the-art equipment no longer needed by AMP Editing BURBANK, Calif. (8/1/16)— Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on August 16 for state-of-the-art post-production equipment and other assets –with an acquisition value of more than $1 million– that are no longer needed for […]
See Sale Listing>> Assets From Electronics Manufacturer Available In August 2nd Auction –Tiger Capital Group to offer factory, equipment, inventory and other assets from TS3 Technologies Inc. STAFFORD, Texas (7/28/16)— Due to a wind-down of operations, Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on August 2 for the assets of TS3 Technologies Inc., a contract manufacturer that specialized in electromechanical […]
Tiger Capital Group, LLC Provides Operating Capital To TTP, LLC NEW YORK, July 26, 2016 /PRNewswire/ — Tiger Capital Group, LLC today announced an agreement to provide special project financing for a high-volume program focused on refurbishing and reselling all of the display and returned televisions of one of the nation’s largest brick and mortar retailers. The recipient of the capital infusion—TTP, LLC—is a subsidiary […]
HANGING BY A THREAD After Years Of Rapid Expansion, The Clothing Retail Market Is Facing A Storm Of Change Fast fashion retailers are flooding the market with cheap wares, fickle shoppers are holding out for discounts and Amazon.com is ramping up its selection. Traditional retailers from Gap to Ralph Lauren are suffering deep losses and closing stores in a struggle to adapt. Who will survive? […]
Assets Of Die Cast And Plastic Mold Making Company Up For Bid — Tiger Capital Group to sell late-model assets of Vobeda Machine & Tool Co. in July 26th online auction; bidding for equipment of one-owner CNC shop opens July 19th RACINE, Wisc. (7/6/16)—Following the retirement of Vobeda Machine & Tool Co. Inc.’s owner, Tiger Capital Group will conduct an online auction on July 26 […]
See Sale Listing>> ASSETS OF DIE CAST AND PLASTIC MOLD MAKING COMPANY UP FOR BID — Tiger Capital Group to sell late-model assets of Vobeda Machine & Tool Co.in July 26th online auction; bidding for equipment of one-owner CNC shop opens July 19th RACINE, Wisc. (7/6/16)—Following the retirement of Vobeda Machine & Tool Co. Inc.’s owner, Tiger Capital Group will conduct an online auction on […]
Sale Under Way On Well Stimulation Company’s Assets — Tiger Liquidity Services Energy Partners and Century Services Corp. selling late-model, low-hour pressure pump and fracking fleet assets formerly owned by Millennium Stimulation Services MEDICINE HAT, ALBERTA, Canada (6/29/16)— Tiger Liquidity Services Energy Partners (TLSEP), in cooperation with Century Services Corp., has been retained by court appointed receiver KPMG to sell late-model, low-hour pressure pump and […]
See Sale Listing>> Tiger Capital, Others to Conduct Webcast Auction of SABIC’s Assets Tiger Capital Group’s Commercial and Industrial Division, in cooperation with New Mill Capital, Joseph Finn Co., and Federal Equipment, have been retained to conduct a live webcast auction on July 19 of the assets formerly owned by SABIC Innovative Plastics. The polycarbonate maker was shuttered by parent company Saudi Basic Industries Corp. […]
Tiger Capital, PPL to Conduct Auction of Ironman Parts & Services Assets Tiger Capital Group’s Commercial and Industrial Division and PPL Group LLC have been retained to conduct an online auction of the assets of diesel engine services company Ironman Parts & Services on June 16. The sale includes assets from the recently closed company’s facilities in Santa Fe Springs and Corona. Bidders can select […]
Sports Authority Bankruptcy Auction Won by Trio of Liquidators Tiger Capital, Gordon Brothers and Hilco top rivals for retailer’s assets By Lillian Rizzo Updated May 17, 2016 4:27 p.m. ET A consortium of liquidators that includes Tiger Capital Group, Hilco Global and Gordon Brothers prevailed in an auction for Sports Authority Holdings Inc.’s assets, according to people familiar with the matter. The winning bidders topped […]
Tiger Capital Group and Great American Group to Support Previously Announced Closure of All 41 Aéropostale Stores in Canada NEW YORK (5/13/16)– A joint venture between Tiger Capital Group and Great American Group announced today that it has partnered with Aéropostale, Inc., (OTCQX: AROPQ) a mall-based specialty retailer of casual apparel for young women and men, to facilitate the orderly exit of all 41 of its stores and […]
B. Riley Financial’s Great American Group and Tiger Capital Group to Support Previously Announced Closure of 113 Aéropostale Stores Across the U.S. LOS ANGELES, May 12, 2016 — A joint venture between Tiger Capital Group and Great American Group (GA) announced today that it has partnered with Aéropostale, Inc., (OTCQX: AROPQ) a mall-based specialty retailer of casual apparel for young women and men, to facilitate […]
Tiger Group Opens Atlanta Office New York-based Tiger Group established a new base of operations in the Southeast earlier this month by relocating Melissa Coopersmith, managing director, from New York to Atlanta’s Buckhead commercial district. Coopersmith will focus on serving the asset-based lending community by providing formal appraisals of consumer goods, commercial and industrial assets and intellectual property. She will also facilitate asset disposition projects […]
Military Surplus Components Available for Sale over $140 Million in GAC April 06, 2016 01:57 PM Eastern Daylight Time FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Associated Aircraft Manufacturing & Sales, Inc. (AAMSI) is pleased to announce an auction of items in our inventory to take place at 1201 NW 6th Street, Pompano Beach, FL 33069, on Thursday, May 5th at 10:30 am (ET). All items will be available […]
Dicapua Joins Tiger Valuation Services As Senior Appraiser In Machinery & Equipment Division NEW YORK, N.Y. (4/27/16) – Continuing to support the expansion of its Machinery and Equipment Group, Tiger Valuation Services, an affiliate of Tiger Capital Group, announced that Joseph DiCapua has joined the company as a Senior Appraiser. DiCapua brings to Tiger over 15 years’ experience managing machinery and equipment valuation projects for […]
Live Webcast Auction Set For Assets Of Flexible Packaging, Printing And Converting Plant In Virginia
Live Webcast Auction Set For Assets Of Flexible Packaging, Printing And Converting Plant In Virginia New Mill Capital and Tiger Capital Group to sell facility assets, as well as centrally located 92,000-square- foot building FREDERICKSBURG, Va., April 12, 2016 /PRNewswire/ — New Mill Capital and Tiger Capital Group will conduct a live webcast auction on May 4 for four flexible packaging printing lines, converting equipment and […]
Tiger Group Rebrands Its Fast-Growing Remarketing Division Tiger Capital Group is rebranding its remarketing services division to better reflect its global role as a broad-based disposition company with particular expertise in monetizing commercial and industrial assets. Formerly known as Tiger Remarketing Services, the newly rebranded Tiger Commercial & Industrial division continues to see surging interest in its sophisticated, multi-pronged approach to monetizing assets, said Jeff […]
Assets Of Bankrupt Drilling Supplier Up For Auction (3/10/16)— By order of the court appointed receiver, Tiger Liquidity Services Energy Partners will conduct an online auction on March 22 for assets formerly owned by Enseco Services Energy Corp., a Calgary, Canada-headquartered well-production testing company. The auction is the first project for the recently formed partnership between New York-based Tiger Capital Group and Washington, DC-based Liquidity […]
Sports Authority Files for Bankruptcy With Plan to Slim Down Sports Authority Inc. filed for bankruptcy protection with a plan to slim down after missing out on the fitness boom that’s been a rare bright spot in retail. The company said Wednesday that it will close as many as 140 of its 463 stores while trying to preserve $124 million in tax deductions. Sports Authority has […]
Flexible Packaging and Printing Plant in Virginia Sold to Investor Group Joint Venture of New Mill Capital Holdings and Tiger Group Purchases 91,000-Square- Foot Facility from Printpack, Inc. FREDERICKSBURG, Va., Feb. 22, 2016 /PRNewswire/ — A Joint Venture of New Mill Capital Holdings (www.newmillcapital.com) and Tiger Capital Group, (www.tigergroup.com), both based in New York, has acquired Printpack’s flexible packaging, printing and tamper-evident label manufacturing facility in […]
Tiger Capital Group and Liquidity Services launch partnership to assist O&G sector (2/16/16)—Tiger Capital Group and Liquidity Services (NASDAQ: LQDT) today announced the launch of a partnership geared toward helping insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, as well as directly assist companies seeking to sell surplus assets. Jeff Tanenbaum, president of Tiger Group’s Remarketing Services division, […]
Seeley Joins Tiger Valuation Services As Director, Machinery & Equipment NEW YORK, N.Y. (2/2/16) – Bryan Seeley, a 21-year veteran of the industrial asset appraisal field, has joined Tiger Valuation Services, a division of Tiger Capital Group, as Director, Machinery and Equipment. In his new role with the asset valuation, disposition and advisory services firm, Seeley will interface with Tiger’s North American operations and business […]
Real Estate & Other Assets from Legendary Audio Recording and Post-Production Studio Available in January 28 Auction Tiger Group and Tranzon Asset Strategies offer assets formerly owned by Saboa Entertainment BURBANK, Calif., Jan. 14, 2016 /PRNewswire/ — A Burbank recording studio with a rich history of serving the music, film and television industries is set to go on the auction block at 10:00 a.m. (PT) on […]
Tiger Capital Group Relocates Boston Office; Nearly Doubles Space To Accommodate Growth BOSTON, Jan. 12, 2016 /PRNewswire/ — Tiger Capital Group has relocated its Boston office to 60 State Street, nearly doubling the size of its space in the city to accommodate its rapid growth. The New York-headquartered international asset valuation, advisory and disposition firm leased 12,200 square feet on the 11th floor of the […]
Assets of Sustainable Brick Manufacturer to Hit Auction Block Tiger Group to sell inventory and assets of CalStar’s late-model facility in Columbus, Miss. in January 21st online sale; bidding opens January 14th By order of the secured lender, Tiger Capital Group’s Remarketing Services Division, in cooperation with Silicon Valley Disposition, will conduct an online auction on January 21 for Calstar Products’ complete brick block and […]
A&P Ramps Up Closure Process By Rejecting Leases Of 48 Units With about 90 stores yet unsold, A&P has begun to accelerate its wind down process by rejecting 48 leases and engaged the services of A&G Realty Partners, a Melville, NY-based commercial real estate firm, to act as a third party sales agent. As a part of that proposed deal, A&P will receive an upfront fee, […]
Inventory From 3 Romano’s Stores Up For Auction By Michelle Graff Downey, Calif.–Tiger Capital Group’s Remarketing Services Division is conducting an online auction today (Nov. 17) for the diamond engagement rings, wedding bands and watches that once lined the showcases of three now out-of-business Romano’s Jewelers stores. Bidding is open now and can be done online at SoldTiger.com. The sale will be conducted in a […]
‘Made For Outlet’ Goods Stir Controversy Publish Date: September 03, 2015 The early days of outlet shopping were all about disposing of excess merchandise, but demand began to outstrip supply at least a decade ago. Without made-for-outlet merchandise, experts say, the fast-growing industry would have stalled. But the concept is not without its controversy, as evidenced by recent court cases. Michael Kors agreed in June […]
Univita Assets To Be Auctioned To Pay Creditors A multimillion-dollar auction will sell off the assets — from forklifts to electric wheelchairs — of Univita Health Holdings, a Miramar-based company that laid off 1,000 workers this summer and then filed for bankruptcy. The telephone auction will be conducted Nov. 11 by Boston’s Tiger Capital Group. It is intended for businesses buying in bulk. Univita filed […]
Auction Set For Assets of Professional Audio Equipment Rental Company Owner retiring, Tiger Group to conduct webcast auction of Design FX Audio’s professional quality digital, analog and vintage audio equipment on November10 BURBANK, Calif. (10/29/15)—After more than three decades of running the successful Design FX Audio Rental Company, that has provided the audio industry with a vast selection of professional quality recording equipment, entrepreneur Gary […]
Tiger Group to Auction LA-based Paul’s TV Assets Consumers and trade buyers will have an opportunity to purchase HD TVs and audio systems, accessories and consumer appliances at discounted prices when Tiger Capital Group’s Remarketing Services Division conducts an online-only auction of the remaining inventory of metro Los Angeles retailer Paul’s TV. Office and store furnishings as well as computer equipment will also be offered […]
Live Webcast Auction Set For Assets Of Mlaskoch Excavating Inc. Tiger Group, Perfection Industrial Sales and Alex Lyon & Son to sell contractor’s directional drills, bulldozers, backhoes and other equipment in Willow River, Minn. on Nov. 12 WILLOW RIVER, Minn. (10/27/15)— Contractors and others wishing to purchase heavy-duty construction and underground utility equipment at competitive prices can do so November 12, when Tiger Capital Group’s […]
City Sports files for bankruptcy, says it will sell itself off or close down By Jack Newsham Globe Correspondent October 05, 2015 City Sports Inc., the retailer launched more than 30 years ago in Boston by a pair of high school friends, plans to shut eight of its 26 stores and sell the rest after filing for bankruptcy protection on Monday. If a buyer cannot […]
Auction Set For Personal Assets of Husband and Wife at Center of $38 Million Insurance Fraud Tranzon Asset Strategies, Tiger Group, to conduct auction of couple’s luxury apparel, handbags, shoes, jewelry and vehicles in Irvine on Oct. 8 IRVINE, Calif., Sept. 29, 2015 /PRNewswire/– Individuals looking to score luxury goods at bargain prices can do so October 8, when Tranzon Asset Strategies, in association with […]
Tiger Group Sets Auction for Assets of Textile Printing Company CORONA, Calif. (9/22/15)— By order of the assignee for the benefit of creditors, Tiger Capital Group’s Remarketing Services Division and North East Printing Machinery Inc. will conduct a live webcast auction on Sept. 29 for high-speed sheet-fed presses, dye sublimation heat presses, screen printing equipment and various other production, materials handling, office and rolling […]
Auction Set For Assets of Bankrupt Technology and Marketing Company –Tiger Group and Reich Brothers to conduct auction of Brand Affinity Technologies’ assets on July 9; sale features cameras, lighting and computer equipment SANTA FE SPRINGS, Calif., June 24, 2015 /PRNewswire/ )—Lights, cameras, and computer equipment will be available for sale when Tiger Group’s Remarketing Services Division and Reich Brothers conduct an online only sale […]
DelGuidice Joins Tiger Group’s Remarketing Services as SVP Matthew DelGuidice joined Tiger Group’s Remarketing Services Division as SVP, Industrial Remarketing. DelGuidice comes to Tiger from industrial auctioneering firm Maynards Industries, Chicago, where he served as VP of U.S. Operations since 2013. Previously, he spent over 11 years at GoIndustry DoveBid, initially as director of auction services, North America, and later as VP of auction services, […]
Tiger Group Launches New GearXpres Marketplace for Broadcast, Film and Other Equipment –Industry veteran Chris Thompson to oversee June 30 auction of professional equipment from Sony and other leading manufacturers SANTA FE SPRINGS, Calif., June 17, 2015 /PRNewswire/—Tiger Group’s Remarketing Services division has announced the creation of GearXpres, an auction marketplace dedicated to offering professional quality broadcast, film and A/V equipment under the direction of […]
Tiger, Hilco, Branford Group to Auction Pennysaver Assets By order of the U.S. Bankruptcy Court, Tiger Capital Group’s Remarketing Services Division, Hilco Industrial, The Branford Group and Northeast Printing Machinery will conduct a two-day live webcast auction on September 16 and 17 for three Southern California web printing facilities formerly owned by Brea, CA-based Pennysaver, a publisher of advertising mailers targeting consumers. The three facilities […]
Auction Set for Excess Assets of Wood Manufacturer Tiger Group to sell assets from Virginia manufacturing plant closed by American Forest Products CHILHOWIE, Va., Aug. 3, 2015 /PRNewswire/ —Tiger Capital Group’s Remarketing Services Division is conducting an online auction of the assets of a 146,000-sq.-ft. wood moulding manufacturing plant in Chilhowie, Va., owned by Sure-Wood Forest Products, an American Forest Products (AFP) company. Tiger is […]
CBS Radio Interview With Bradley Snyder Regarding The Sale Of RadioShack’s Brand –Below is an interview conducted on May 12, 2015 by KCBS in San Francisco with Bradley Snyder, Tiger Capital Group. At the time of the interview Standard General LP, had placed a bid of $26.2 million for RadioShack’s brand name and customer data – subject to approval by the bankruptcy judge in Wilmington, […]
Tiger Valuation Adds Vaughn And Posteraro As Senior Associates –NEW YORK, N.Y. (4/16/15)— Robert Vaughn and Carmen Posteraro have joined Tiger Valuation Services, LLC as Senior Associates, managing asset appraisal teams in the firm’s Los Angeles and Boston offices, respectively. Both report to Director of Appraisals, Ryan Davis. Vaughn previously spent more than eight years in Great American Group’s asset appraisal division, beginning in 2006 […]
Auctions Set For Excess Assets Of Wood Manufacturer –Tiger Group to sell assets from manufacturing plants in Calif. and S.C, as well Indianapolis distribution center and fleet; all no longer needed for American Forest Products’ continuing operations SACRAMENTO (4/7/15)—Tiger Group’s Remarketing Services Division is conducting online auctions of equipment, wood inventory and other assets from wood moulding manufacturing plants in Sacramento, Calif. and Manning, S.C., […]
Joint Venture Of Tiger, Hilco & Gordon Brothers Launches Additional Radio Shack Closures –NEW YORK, N.Y. (4/2/15)— The joint venture of Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers Group will begin the final phase of RadioShack store closings today at an additional 361 locations throughout the nation. Sales at these stores begin April 2, 2015. This latest round follows the joint venture’s launch […]
Tiger Capital Group Relocates New York Office, Designates Location As Global Headquarters –NEW YORK, N.Y. (4/2/15)—Tiger Capital Group has relocated its New York office and formally designated the new site as its first corporate headquarters. The international asset valuation, advisory and disposition firm moved to 99 Park Avenue from 708 Third Avenue, where it had operated for five years. Office team members include executives and […]
Auction Set For Assets Of Bankrupt Medical Devices Manufacturer –Tiger Group to conduct auction of Konigsberg Instruments assets on March 17 MONROVIA, Calif. (3/5/15)—By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division will conduct an online sale of medical manufacturing equipment and laboratory equipment, as well as parts inventory, office furniture and support equipment of Konigsberg Instruments Inc., a medical device manufacturer. […]
Exotic Luxury Eyewear, Some Originally Tagged at up to $35,000, Offered in Online Auction of Bankrupt Eyewear Specialist’s Assets LAS VEGAS (2/5/15)–Eyewear retailers, wholesalers and other purveyors of luxury spectacles won’t want to miss out on a rare buying opportunity when Tiger Group’s Remarketing Services Division conducts an online auction of more than 3,000 pairs of one-of-a kind exotic sunglasses and other eyewear from couture […]
Fred Raccosta Joins Tiger Capital Group As Director Of Business Development NEW YORK, N.Y. (1/20/15)— Fred Raccosta has joined Tiger Capital Group as Director of Business Development for New York, New Jersey and Pennsylvania. From his base in Tiger’s New York office, the veteran of the valuation advisory and asset-based lending industries will focus on business development and identifying asset disposition opportunities in the company’s […]
Going Out Of Business Sale To Begin At All 198 Alco Stores in 23 States –Liquidation sale will offer significant discounts on all merchandise during holiday season COPPELL, Texas (11/21/14) – After 113 years, Alco Stores (OTC-Pink: ALCSQ), a discount retailer focused on serving consumers in smaller communities with limited access to other regional or national retail chains, is closing its doors forever. The U.S. […]
Tiger Group’s Salazar Named Co-chair Of Southern California Chapter Of TMA LOS ANGELES (11/17/14) – Michelle Salazar, Director of Business Development for Tiger Group’s Remarketing Services division, was named Co-Chair of the Southern California chapter of the Turnaround Management Association (TMA). In this role with the TMA chapter, she will be Co-Chair of Programs for 2014 and 2015. She has been a member of TMA […]
Auction Set For Remaining Assets Of National Deep-discount Store Chain –Tiger Group to conduct auction of XS Cargo’s Ontario distribution center and corporate office assets on November 18 MISSISSAUGA, Ont. (11/13/14)—Following the successful liquidation of the merchandise inventories and store fixtures of the 50-store Canadian deep-discount chain XS Cargo Company, Tiger Group has been authorized by the Ontario superior court of justice to conduct an […]
Assets Of Diagnostics Products Developer, Manufacturer And Marketer Up For Bid –Tiger Group to conduct auction of Zyomyx assets on October 28 FREMONT, Calif. (10/22/14)—By order of the assignee for the benefit of creditors, Tiger Group’s Remarketing Services Division, in cooperation with EquipNet, will conduct an online sale of state-of-the-art spectrometry and other analytical, laboratory, office, and computer equipment from the laboratory and manufacturing facility […]
Equipment From Legendary Audio Post-production Company Available In Webcast Auction –Tiger Group and GA Global Partners offer assets formerly owned by Todd-Soundelux BURBANK, Calif. (9/30/14)—By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division and GA Global Partners will conduct a public webcast auction at 10:30 a.m. (PT) on Oct. 7 and 8 to sell all of the sound mixing, mobile editing, recording, […]
Auction Set For Luxury Eyewear and Equipment of American Optical Services –Tiger Group to conduct online sale on September 24; inventory includes exotic sunglasses with original retail prices up to $30,000 LAS VEGAS (9/11/14)—By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division will conduct an online sale of 1,600 pairs of one-of-a-kind exotic eyeglass frames and luxury designer frames valued at more […]
Assets Of ClearEdge Power Facility Up For Bid Tiger Group, Hackman Capital and CA Global Partners conducting online sale of assets from former ClearEdge Power, Inc. facility; bids close Sept. 9 HILLSBORO, Ore. (8/26/14) Tiger Group’s Remarketing Services Division, Hackman Capital and CA Global Partners will conduct a live webcast auction on September 9 at 10:30 a.m. (PT) for laboratory, testing, machine shop and warehouse/support […]
Going-out-of-business Sales Under Way At All 50 XS Cargo Stores Throughout Canada Savings of up to 40% offered on the deep-discount chain’s wide range of merchandise; Tiger Capital Group directing G-O-B sale MISSISSAUGA, Ont. (9/29/14)—Going-out-of-business sales are now under way in all 50 stores operated by XS Cargo Company, the Canadian deep-discount store chain that had filed for protection against creditors on July 30, 2014. […]
Tiger Capital Group Announces Launch Of Sydney-Based Firm — The new entity is a first for U.S.-based asset advisory and capital solutions firms SYDNEY, Australia (8/11/14)—Tiger Capital Group today announced the launch of an Australian-based venture focused on bringing leading-edge asset advisory, valuation and liquidity services, as well as debt and equity capital, to the Australian marketplace. The launch of Tiger Asset Group marks the […]
Former Assets Of Bankrupt Allied Industries Up For Bid — Tiger Group and PPL Group conducting online sale for equipment formerly owned by environmental services company; bids close late August NORTH HOLLYWOOD, Calif. (8/6/14) — By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division and PPL Group are auctioning excavators, loaders, tractors, service and pickup trucks, and other warehousing and office assets […]
Assets Of Roxwell Performance Drilling Up For Bid — Tiger Group, PPL Group and RealestateAuctions.com conducting online sale and live auction for equipment and real property formerly owned by drilling tool company; bids close mid-August MIDLAND, Texas (8/5/14) — By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division, PPL Group and RealestateAuctions.com are auctioning machine tools, rolling stock and support equipment, as […]
Disposition Firms Are Leaving ‘No Stone Unturned’ to Maximize Value –Amid fierce competition for deals in a flat economy, firms use strategic partnerships to arrange turnkey, going-concern sales and take other unconventional steps to enhance recoveries, Tiger Group exec writes. BOSTON (7/29/14)—Disposition firms have always been aggressive about the pursuit of deals. But in today’s highly competitive market, they are becoming increasingly resourceful with a […]
Tiger, City Capital Advisors And Schneider Sell Quantum Foods In Illinois –Tiger Group and Schneider Industries to conduct live webcast auction of assets of Quantum Foods BOLINGBROOK, Illinois (6/18/14)—By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division and Schneider Industries will conduct a live webcast auction on June 24, 25 and 26 for the assets of meat and poultry processing packing and […]
Auction Set for Assets of West Texas Drilling Company Tiger Group, Auction Resolutions and PPL Group to conduct live webcast auction of Sandia Drilling’s assets on July 1 MIDLAND, Texas (6/17/14)—By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division, Auction Resolutions LLC and PPL Group LLC will conduct a live webcast auction at 10:30 a.m. (CT) on July 1 for four complete […]
Former Assets of Bankrupt Tandy Brands Accessoires up for Sale Tiger Group conducting online auction for late model networking, telecom, office and warehouse equipment from fashion accessories manufacturer and marketer. Bids close April 10. DALLAS (4/2/14) —Tiger Group’s Remarketing Services Division is auctioning late-model material handling equipment; contemporary office furnishings; data capture, network, server and telecommunications equipment; complete cafeteria, fitness center and other assets from […]
Auction Set For Assets Of Activated Carbon Processing & Biomass Power Plant In Hawaii –Tiger Group and Aaron Equipment conducting bid offering for unique processing and sustainable biomass energy facility KAWAIHAE, Hawaii (3/10/14)—By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division and Aaron Equipment Company Inc. are liquidating an activated carbon processing facility and a biomass power plant formerly owned by Big […]
Former Assets Of Bankrupt KSL Media Inc. Up For Bid Tiger Group conducting online sale for equipment and other assets formerly owned by communications planning agency; bids close May 1 LOS ANGELES (4/24/14) — By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division is auctioning late-model audiovisual and computer equipment, office and break room furniture, and other assets from the Los Angeles […]
M&E Veteran Morris Hodkin Retires From Tiger Group NEW YORK (3/31/14)—Tiger Group today announced that Morris Hodkin has retired from his position as Director-M&E Appraisals of the Tiger/Daley-Hodkin machinery and equipment division. He will continue to serve as an independent consultant to the asset appraisal and disposition firm. Hodkin, who has more than 50 years experience in the field, joined the firm in March 2011 […]
Assets Of Integrated Medical Systems Inc. Up For Bid Tiger Group conducting online sale for portable intensive care manufacturer’s equipment, patents and other assets; bids close April 1 LOS ANGELES (3/26/14) — By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division is auctioning portable intensive care systems, diagnostic devices, patents, general medical supplies, as well as office and support equipment, and more […]
Seven Corners Hardware Offers Huge Discounts In Historic GOB Sale — Closing its doors after 80 years in St. Paul, the family-owned business will begin liquidating its nationally renowned inventory of brand-name tools and equipment on Feb. 13. ST. PAUL, Minn. (2/12/14)—Contractors and DIY enthusiasts from across the Twin Cities and the Midwest will find rare discounts on millions of dollars’ worth of top-tier tools, […]
Tiger Group Accepting Sealed Bid Offers For Assets Of Dermasilk Manufacturer NEW YORK (2/10/14)—Tiger Group’s Remarketing Services Division is now accepting sealed bid offers for intellectual property, inventory and other assets of Biotech International Corporation, including its flagship DermaSilk brand, a leading line of anti-aging and skincare products. The sale is being conducted on behalf of First Niagara Bank NA, the secured creditor for Glastonbury, […]
Coelho Joins Tiger Group as Senior VP, Remarketing Services BOSTON, Mass. (1/23/14) — Machinery and equipment disposition veteran John Coelho has joined Tiger Group as Senior Vice President, Remarketing Services. He will be based in the asset valuation, disposition and advisory services firm’s Boston office. In the newly created position, Coelho will direct the division’s diversified service offerings, including live and online auctions, sealed bid […]
Assets From Creations Garden Natural Products Up For Auction LOS ANGELES (1/31/14) — Tiger Group’s Remarketing Services Division and Reich Brothers are now accepting offers for the assets of Creations Garden Natural Products, Inc., a natural products manufacturer based in Valencia, Calif. Tiger and Reich are conducting the sale in cooperation with Brian Testo Associates. At its peak, Creations Garden posted annual sales of approximately […]
Former Assets Of Bankrupt Teletouch Communications Up For Bid — Tiger Group conducts online sale for tech retailer’s inventories and other assets; bids close Jan. 23 FORT WORTH, Texas (1/16/14) — By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division is auctioning phone, tablet and car audio inventories, along with vehicles, computer equipment, store fixtures, warehouse and shop equipment, and more from […]
Auction Set For Equipment From Bankrupt Career College On June 23 –Tiger Group’s offering of Corinthian Colleges’ assets includes professional equipment from dental assistant, nursing, medical assistant, massage therapy and criminal justice programs COVINA, Calif., June 11, 2015 /PRNewswire/ —A vast selection of medical, dental, classroom and office equipment will be available for sale when Tiger Group’s Remarketing Services division, in cooperation with Reich Brothers […]
Going-out-of-business Sale To Begin January 9 At All 39 Loehmann’s Stores In 11 States And D.C. –Shoppers can seize once-in-a-lifetime discounts on men’s and women’s designer clothes NEW YORK, N.Y. (1/8/14) – After almost 93 years, Loehmann’s, the premier upscale off-price specialty retailer that originated the concept, is going out of business. The U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture […]
Fresh Produce To Emerge From Bankruptcy With Smaller Store Base By Alicia Wallace | awallace@denverpost.com May 22, 2015 Boulder-based Fresh Produce Sportswear is expected to emerge from bankruptcy but will do so as a slimmer firm. Fresh Produce Holdings LLC officials said the firm received approval from a federal bankruptcy judge for two asset sales: • Blues Stripe LLC, an investment group that includes the […]
Sale Set For Remaining Assets Of Major Jewelry Distributor –Tiger Group and PPL to conduct online sale of Lia Sophia’s Illinois corporate office, fulfillment center ROSELLE, Ill. (5/20/15)—Following the successful completion of the bulk and online auction sale of equipment and other assets from Lia Sophia’s Richmond Hill, Ontario distribution center, Tiger Group’s Remarketing Services Division and PPL Group are conducting an online sale of […]
Bloomberg Business Article Featuring Bradley Snyder –The Sad, Tarnished Afterlife of Radioshack’s Name: With nothing material left to sell, RadioShack is auctioning off its name and the names of its shoppers. Bankrupt brands tend to fetch less than derelict real estate does (May 5, 2015) The upcoming auction will measure the value of RadioShack’s remaining intellectual property, and the price will almost certainly be far […]
Gift Cards Can Be a Form of ‘Free Advertising’ for GOB Sales, writes veteran liquidator In article for leading asset-based lending magazine, Tiger Capital Group’s Michael McGrail cites advantages of honoring gift cards during liquidation sales. BOSTON (6/18/14)—When retail stores are in liquidation, creditors often see honoring customers’ gift cards as a losing proposition, to put it mildly. But in the May/June issue of ABF […]
