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 […]

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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

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 […]

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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 […]

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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 […]

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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. […]

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Substantial Discounts Available at Sears Hometown Store-Closing Sales Across the United States

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 name-brand home […]

Continue Reading >Substantial Discounts Available at Sears Hometown Store-Closing Sales Across the United States

Second Avenue Capital Partners and Tiger Finance Provide $80MM Credit Facility for Casper Sleep

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.

Launched in […]

Continue Reading >Second Avenue Capital Partners and Tiger Finance Provide $80MM Credit Facility for Casper Sleep

William J. Mayer Joins Tiger Group as an Executive Managing Director

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 GE Capital, […]

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Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations

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 provide operational input […]

Continue Reading >Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations