Daily News: January 21, 2019

Great American, Tiger, Hilco, Gordon Bros. to Lead Gymboree Liquidation


A consortium consisting of Great American Group, Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers will lead the liquidation of all Gymboree and Crazy 8 stores in the U.S. and Canada in the wake of Gymboree’s bankruptcy filing.

Store closing sales will begin today at all 798 Gymboree and Crazy 8 locations with initial discounts of up to 50% off on clothes, shoes and accessories for boys and girls, including babies, toddlers and children from six months to size six.

“This store closing sale event offers customers an opportunity to buy the most essential children’s clothing items and accessories for a great price. We encourage loyal shoppers and parents to visit their nearest Gymboree and Crazy 8 stores to take advantage of these deals before merchandise sells out,” said a representative of the consortium.

The firms leading the store liquidation process will work quickly to sell through all inventory, with sales at individual locations continuing until all merchandise is sold, which the firms anticipate will be quickly.

Gift cards can be redeemed until February 16, 2019.

Great American Group provides advisory and valuation services and asset disposition and auction solutions. It is a wholly-owned subsidiary of B. Riley Financial.

Founded over 40 years ago, Tiger Capital Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. It maintains offices in New York, Los Angeles, Boston, Chicago, San Francisco, Houston and Toronto.

Based in Northbrook, IL, Hilco Global division Hilco Merchant Resources provides a wide range of analytical, advisory, asset monetization and capital investment services to help define and execute a retailer’s strategic initiatives.

Founded in 1903 and headquartered in Boston, Gordon Brothers helps lenders, operating executives, advisors, and investors develop customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations and investments.