CLOSURE: Major clothing chain closing and massive sales start across Canada

 

Sales have started at low-cost fashion retail stores slated for closure across Canada.

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In early January, parent company, Comark Holdings Inc. announced they would close all Ricki’s and cleo retail store locations. Comark also owns Bootlegger and some of those stores may remain open.
This week, liquidation company, Tiger Group announced a “major store-closing and inventory sell-off sale” at 217 Ricki’s Fashions, cleo Fashions and Bootlegger Clothing stores […]

Continue Reading >CLOSURE: Major clothing chain closing and massive sales start across Canada

The State of the Canadian Insolvency Industry: Lessons from 2024 and the Road to 2025

 
The State of the Canadian Insolvency Industry: Lessons from 2024 and the Road to 2025
As the dust settles on 2024, one thing is clear: insolvency professionals have had their hands full. From a real estate crisis that continues to deepen, to cannabis companies struggling to stay afloat, no sector was truly immune from the economic turbulence of the past year. Lenders took the reins in […]

Continue Reading >The State of the Canadian Insolvency Industry: Lessons from 2024 and the Road to 2025

Store closing sales underway at all Big Lots stores

Big Lot’s wind-down has begun.

Gordon Brothers, in a joint venture with Hilco Consumer – Retail and Tiger Capital Group, said it has begun store closing sales at all 869 Big Lots locations. The close-out retailer is offering up to 25% off original prices on all merchandise and 50% off a great selection of Christmas and harvest offerings. The discounts will apply at retail stores only […]

Continue Reading >Store closing sales underway at all Big Lots stores

Revitalizing Distressed Companies with Data-Driven Turnarounds and Strategic Restructuring

Revitalizing Distressed Companies with Data-Driven Turnarounds and Strategic Restructuring
By Violet Synnestvedt
Ryan Davis, executive managing director at Tiger Group, has transformed the ABL industry by using data-driven strategies to restructure, rather than liquidate, distressed companies. His focus on preserving a company’s core strengths has saved more than 100 jobs and revitalized numerous businesses that may otherwise have been dissolved.
Davis joined Tiger in 2006 as a financial […]

Continue Reading >Revitalizing Distressed Companies with Data-Driven Turnarounds and Strategic Restructuring

Tiger Group Facilitates Sale of Outdoor Voices to Consortium Brand Partners

Tiger Group’s advisory services division has facilitated the sale of athleisure lifestyle brand Outdoor Voices to consumer-focused investment manager Consortium Brand Partners.

After encountering financial distress, Outdoor Ventures engaged Tiger for a two-step process. The first was to provide strategic advice on how to best monetize excess inventory and restructure the company; Tiger would then act as the exclusive agent in a post-restructuring sale process.

“We saw […]

Continue Reading >Tiger Group Facilitates Sale of Outdoor Voices to Consortium Brand Partners

Asset-Based Lenders Give Fashion Companies New Options

Asset-Based Lenders Give Fashion Companies New Options
By: Bradley W. Snyder

Many industries in North America—including apparel—continue to face financing challenges due in no small measure to the pullback from today’s more risk-averse national banks. This post-Covid-era trend is part of the reason for an increase in distress and bankruptcy filings among retailers and wholesale distributors.
In many cases, distressed companies are operating with higher-than-optimal inventory levels—a holdover […]

Continue Reading >Asset-Based Lenders Give Fashion Companies New Options

David Zolot Joins Tiger Capital Group as Managing Director, Brand Strategies

As Tiger’s intellectual property (IP)-related deal flow continues to grow, Zolot will leverage decades of experience in complex M&A transactions, business-development and consumer-brand strategy to provide creative brand monetization solutions to clients
NEW YORK, May 13, 2024 — David Zolot, a high-impact investment professional who brings nearly 25 years of experience in corporate, IP and consumer-brand strategy, has joined Tiger Capital Group as Managing Director, Brand Strategies.

A veteran of the consumer […]

Continue Reading >David Zolot Joins Tiger Capital Group as Managing Director, Brand Strategies

Sam Ash Files for Bankruptcy Protection, Moves to Reposition Company

Store closing sales begin at all 42 stores as iconic music retailer pursues go-forward business strategy
NEW YORK, May 9, 2024 /PRNewswire/ — Sam Ash—the century-old American music retailer that became a beloved institution for generations of amateur and professional musicians alike—filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of New Jersey.

Tiger Group and Gordon Brothers are now conducting store closing sales at all 42 remaining […]

Continue Reading >Sam Ash Files for Bankruptcy Protection, Moves to Reposition Company

RST Brands Sells as Going Concern After Tiger Group Turnaround

Outdoor furniture company overcomes pandemic-era challenges with help from Tiger Advisory Services.

NEW YORK – December 13, 2023—Outdoor furniture company RST Brands has sold as a going-concern to Surya, the global household furnishings brand, in the latest turnaround by Tiger Group’s Advisory Services division.

“This strategic purchase will enable Surya to gain market share and strengthen its capabilities in outdoor furnishings,” said Surya President Satya Tiwari. “Combining […]

Continue Reading >RST Brands Sells as Going Concern After Tiger Group Turnaround

Niche Internet Brands Can Thrive by Merging with Larger Retailers

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 platform is […]

Continue Reading >Niche Internet Brands Can Thrive by Merging with Larger Retailers