Retail – Tiger Group

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 […]

By Tiger Group

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 […]

By Bradley W. Snyder

Corporate / News / Retail

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 […]

By Tiger Group

News / Retail

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 […]

By Tiger Group

Corporate / News / Retail

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 […]

By Tiger Group

Corporate / News / Retail

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 […]

By Delphine Thierry

News / Retail

Francesca’s Acquires Los Angeles Brand Richer Poorer

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 a shift in […]

By Delphine Thierry

Corporate / News / Retail

Asset-Based Lending Sector Needs to Embrace Data and AI

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 OpenAI’s bombshell […]

By Delphine Thierry

Corporate / Industrial / News / Retail

David A. Spehar Joins Tiger Group as Associate Director of Field Operations

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 new role includes […]

By Delphine Thierry

Finance / News / Retail

Tiger Finance, Merchant Financial Group Provide $38MM in Growth Capital to Apparel Brand Arctix

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 Valley, NY. […]

By Tiger Group