Gordon Brothers to Acquire Wet Seal Brand
Gordon Brothers is acquiring the Wet Seal brand, pending final court approval. Launched in 1990, Wet Seal is an iconic consumer brand known for its surf-and-sun aesthetic targeted at fashion-focused teens.
Gordon Brothers is acquiring the Wet Seal brand, pending final court approval. Launched in 1990, Wet Seal is an iconic consumer brand known for its surf-and-sun aesthetic targeted at fashion-focused teens.
Gordon Brothers entered into a strategic partnership with Carolina Pride, a family-owned packaged meat producer based in Greenwood, SC, through which it now holds a majority equity interest in the company.
Teen retailer Wet Seal has filed Chapter 11 for the second time. Hilco Merchant Resources and Gordon Brothers Retail Partners have been authorized by the court to liquidate the company’s 171 stores.
Mackenzie Shea joined Gordon Brothers as associate general counsel.
Gordon Brothers, Hilco Merchant Resources and Tiger Capital Group are managing the store closing sales at 59 Golfsmith stores throughout the nation.
Bloomberg reported that Nine West Holdings entered an agreement with Gordon Brothers and Wells Fargo to lift borrowing restrictions on its credit facility in anticipation of the holiday season.
Gordon Brothers Group has positioned all of its operating units, including its global advisory, restructuring and investment practices, under one name: Gordon Brothers.
Gordon Brothers Group has expanded its global footprint into Latin America with key leadership appointments and has formed a strategic partnership with Planconsult, a Brazilian appraisal business.
Gordon Brothers Group acquired Blast-Off Brands, a Los Angeles-based licensing and branding company. Blast-Off Brands co-founder Ramez Toubassy will join Gordon Brothers as president of the Brands division.
The Wall Street Journal reported that Tiger Capital Group, Hilco Global and Gordon Brothers were among a group of firms that were the winning bidders in an auction for Sports Authority Holdings’s assets.