A subsidiary of Retail Ecommerce Ventures signed an agreement to serve as the stalking horse bidder for the intellectual property assets of Modell’s Sporting Goods at a purchase price of $1.965 million.
Styles for Less retained Hilco Streambank to market and sell its intellectual property. The sale comes as a result of the company’s Chapter 11 bankruptcy.
Hilco Streambank appointed Richelle Kalnit senior vice president. Kalnit will be based in New York City and will focus on management of IP disposition engagements.