Business, Economics, Education, Entrepreneurs,
Environment, Science and Technology
|
|
|
|
____________________
Retail Aquisition
Hilco Consumer Capital Corp. in partnership with Gordon Brothers Group finalize the acquisition of the Bombay Company, Inc. brand
Hilco Consumer Capital and Gordon Brothers Group acquire all intellectual
property of the Bombay Company, Inc.
TORONTO - James Salter, Chief Executive Officer, Hilco Consumer Capital Corp., today announced the completion of the acquisition of all intellectual property and the URL of the Bombay Company, Inc., excluding Canada. These assets, which include the Bombay name, will be placed in a newly-formed company, Bombay Brands LLC. As the managing partner, Hilco will focus on revitalizing, extending and maximizing the value of the Bombay brand through a pure licensing strategy.
Mr. Salter also announced that John Collins, Chief Marketing Officer of
Hilco Consumer Capital, has been named President of Bombay Brands and will
oversee work to cultivate and adapt the brand into a thriving internationally
relevant and dynamic market leader in the home furnishings industry.
Mr. Salter stated, "Bombay Company Inc. has tremendous brand equity in
the global marketplace and we believe consumers will continue to embrace the
classic styles of the brand moving forward."
Mr. Collins stated, "Looking ahead, we will work strategically to create
a new positioning in the marketplace for Bombay Brands LLC, to revitalize,
extend, and maximize the brand in the global retail marketplace through
strategic retail licensee and brand franchisee partners."
About Hilco Consumer Capital, LLC
Hilco Consumer Capital ("HCC") is a leading private equity firm that
makes strategic investments in consumer lifestyle Brands through acquisitions
of manufacturers, wholesalers, intellectual property and retailers. Hilco
specializes in the acquisitions of North American companies from $25 million
to $250 million normally as the controlling shareholder.
Hilco's current portfolio includes, Caribbean Joe(R), Tommy Armour
Golf(R), RAM Golf(R), which includes Zebra Putters and Teardrop Golf. Also
included in their portfolio are Bombay Brands LLC, and the iconic designer
brand Halston(R), which it controls jointly with the Weinstein Company. HCC is
a unit of The Hilco Organization, a Chicago-based, international provider of
diversified financial services, including business asset valuations, asset
acquisition and disposition services, M&A services, special situation debt and
equity financing and retail consulting.
|
|
|
| © Copyright 2008/Exchange Morning Post/Exchange Business Communications Inc. |
