Tiger Capital Group and Great American Group will supervise the closing and liquidation of six Island Pacific Supermarkets stores in California. Liquidation discounts are being offered at every closing location and sales will continue until all merchandise has been sold. The remaining 17 Island Pacific stores will operate their businesses as usual.
Founded in 2000 in Panorama City, CA, Island Pacific sells and promotes Filipino cuisine. The company is currently consolidating operations to introduce greater efficiencies into the chain.
“We encourage consumers to shop early to take advantage of the best selection of products,” said a spokesperson for the JV group. “Given the tremendous savings that this event offers, we are sure that merchandise will be selling off very quickly.”
Tiger Capital Group and its affiliates provide asset valuation and advisory and disposition services to a broad range of retail, wholesale and industrial clients.
Great American Group provides asset disposition, auction solutions and advisory and valuation services. It is a wholly-owned subsidiary of B. Riley Financial.
