Gordon Brothers Group said it has agreed to purchase all inventory, fixtures, equipment, intellectual property, global trademarks and patents of Coby Electronics.
As e-commerce evolves as a key part of the retail market, ABLs that have a strong understanding of the online model will have no shortage of opportunities to expand their loan portfolios.
GB Credit Partners provided a $30 million senior secured term loan to BrandsMart U.S.A., a retailer of consumer appliances, electronics and housewares.
GB Merchant Partners said it will change its name to GB Credit Partners to better reflect the services it provides to its clients.
Gordon Brothers Group announced that Michael Frieze will be re-assuming the role of CEO along with his current duties as Chairman. The company also said Ken Frieze and Bobby Sager would be returning as President and Chair of the investment committee, respectively.
Gordon Brothers announced that it acquired Emerald Technology Valuations. The acquisition will expand the commercial and industrial capabilities of Gordon Brothers by adding these capabilities in the high technology sector.
Recently, a bankruptcy judge with a long tenure on the bench told a group gathered at an insolvency conference that the bench�s role in overseeing modern commercial bankruptcy cases amounts to running a laundry service, as most cases involve little more than putting the debtor in the bankruptcy washing machine to cleanse its valuable assets […]