Daily News: April 3, 2014

Tiger Group Auctioning Tandy Brand Assets

Tiger Group’s Remarketing Services division said it is auctioning equipment from the corporate headquarters and distribution center of bankrupt fashion accessories manufacturer Tandy Brands Accessories.

The equipment includes late-model material handling equipment, contemporary office furnishings; data capture, network, server and telecommunications equipment; complete cafeteria, fitness center and other assets from the corporate headquarters and distribution center of Tandy Brands Accessories. Tiger said it is conducting the sale in cooperation with Reich Brothers.

Tandy’s fashion accessories were marketed under well-known licensed and brand names, including Sperry Top-Sider, Eddie Bauer, Totes, The Sharper Image, Eileen West, as well as private brands. An involuntary Chapter 7 filing on behalf of certain Tandy creditors was filed on March 11, 2014 in the Texas Northern Bankruptcy Court.

Previously on abfjournal: Deloitte Advises Tandy Brand Accessories on Restructuring, October 29, 2013