Gordon Brothers named Brendan Smyth head of the Australian valuation team. Smyth will provide asset valuations to the restructuring/insolvency sector and lending community, including asset-based lenders, private equity firms and investment funds.
Cindi Giglio joined Gordon Brothers as associate general counsel, with primary responsibility for retail and commercial and industrial transactions in North America. Meanwhile, corporate counsel Ben Olushola took on an expanded role as associate general counsel for the enterprise.
Gordon Brothers, Hilco Merchant Resources, Great American Group and Tiger Group commenced store closing sales at 137 J. C. Penney stores across the United States.
Joint venture partners Gordon Brothers and Hilco Global have commenced “going-out-of-business” sales at more than 350 Pier 1 stores across the United States.
Dennis Bolton joined Gordon Brothers’ commercial and industrial division as managing director. Bolton previously was head of Wells Fargo Equipment Finance’s equipment management group and managed the remarketing of industrial assets for Banc of America Leasing.
Gordon Brothers appointed Kyle Shonak managing director in the retail division. Shonak previously worked for Pathlight Capital, Salus Capital Partners and Textron Financial.
Gordon Brothers provided a $20 million secured term loan facility to Brooks Brothers Group, an American apparel retailer headquartered in New York.
Gordon Brothers released an article providing a perspective on the economic impacts of the coronavirus pandemic. The article was written by Alex Sutton, managing director and head of research at Gordon Brothers.
Gordon Brothers appointed Evren Ozargun managing director of corporate development and credit. Ozargun previously served at Crystal Financial, Wells Fargo Retail Finance and The Ozer Group.
Gordon Brothers acquired the Laura Ashley brand, archives and related intellectual property from the Laura Ashley group’s U.K. administrators.