Gordon Brothers Names Grimaldi National Sales Manager
Gordon Brothers Group announced Frank Grimaldi was promoted to national sales manager of the firm’s Valuation & Advisory Services Division, effective October 1.
Gordon Brothers Group announced Frank Grimaldi was promoted to national sales manager of the firm’s Valuation & Advisory Services Division, effective October 1.
Gordon Brothers Group announced that, effective October 1, Kenneth S. Frieze will assume the role of CEO.
Over the past year, the competitive environment in the asset-based lending industry has reached a fever pitch. Competition for a limited number of deals has forced lenders to offer diminished rates to keep clients. In order to offer lower-cost deals, some lenders have decreased the frequency of regular appraisals, often to their own detriment in the long term.
Gordon Brothers Group and Hilco Merchant Resources will begin closing sales at all Coldwater Creek stores and on the company’s website. Total liquidation of company products begins today.
Gordon Brothers Group received sale order approval by the Federal Bankruptcy Court in Delaware for Green Field Energy Services’ entire portfolio of equipment and inventory assets.
Gordon Brothers Group announced it was awarded by the bankruptcy court the Dots closing process for all locations. Store closing sales will begin March 1.
Victory Park Capital announced that portfolio company Silver Airways has secured a credit facility from GB Credit Partners.
GB Credit Partners announced it provided a $10 million term loan behind a senior credit facility to Samuels Jewelers. The financing is supported by a second lien on Samuels’ inventory and receivables.
Gordon Brothers Group announced that Robert E. Grosskopf and Richard P. Edwards were appointed co-presidents of the Retail division.
Gordon Brothers Group announced that Ryan Ray joined the Appraisal & Valuation Division as director of Business Development, serving the Midwest Region and Eastern Canada.