B. Riley Financial’s Great American Group, SB360 Capital Partners and Tiger Capital Group are closing store sales at an additional 17 Sur La Table retail locations.
The kitchenware retail chain previously earmarked 56 stores for closure in bankruptcy as part of its plan of restructuring to optimize its retail footprint. As part of the liquidation sale, the closing stores will have initial discounts of up to 30% off original prices on all in-store merchandise.
“Sur La Table has partnered with the world’s best chefs and kitchen brands to bring customers trusted tools to make delicious memories. With Marquee Brands and CSC Generation as the new owners of Sur La Table, the brand will be revitalized and better positioned to thrive in a post-COVID-19 retail environment. We encourage customers to shop early for the very best selection as the store closing sales will only last through the end of September,” Scott Carpenter, CEO of retail solutions at B. Riley’s Great American Group (soon to be rebranded as B. Riley Retail Solutions), said. “We are committed to providing customers with the same great in-store experience they have come to expect during this store closing sales event. Safety measures are in place to create a safe and healthy space for our shoppers.”
Liquidation sales in the closing store locations are expected to last approximately five weeks, or until all merchandise is sold. The length of the sale will vary by location. Store furniture, fixtures and equipment will also be available for purchase in certain locations.
Last month, a joint venture by global brand owner, marketer and media company Marquee Brands and CSC Generation, a multi-brand technology platform, bought the remaining Sur La Table stores, brand and all related intellectual property. Sur La Table continues to operate more than 55 locations. In addition, as previously reported, Second Avenue Capital Partners provided a $35 million senior secured credit facility to a joint venture of Marquee Brands and CSC Generation in support of their newly acquired luxury kitchenware retailer Sur La Table.
