Gordon Brothers
 | |
| Company type | Private company |
|---|---|
| Industry | Investments |
| Founded | 1903 |
| Founder | J. B. Gordon |
| Headquarters | Prudential Tower Boston, Massachusetts. |
Area served | International |
Key people | Norma Kuntz, current CEO
Michael Frieze, Chairman Emeritus and former CEO Ken Frieze, Chairman and former CEO |
| Products | Investments |
| Services | Valuations, dispositions, operations, and investments |
| Parent | Independent |
| Subsidiaries | Laura Ashley plc H2 Brands Group |
| Website | gordonbrothers.com |
Gordon Brothers Group is a retail focused investment firm that was founded in 1903 by Jacob Gordon. The firm has made headlines with its acquisition of Polaroid from bankruptcy in 2009 and its subsequent sale to Polish businessman Wiaczeslaw Smolokowski in 2017. [1] Its headquarters are in Boston, Massachusetts, United States.
In December 2022, Gordon Brothers announced that Norma Kuntz would be appointed CEO of the company, effective February 13, 2023.[2]
In May 2023, Gordon Brothers acquired H2 Brands Groups, a national consumer products company with annual sales in excess of $250 million and a portfolio of nationally recognized brands.[3]
Notable liquidations
[edit]- Bed Bath & Beyond[4]
- CompUSA[5]
- G.I. Joe's[6]
- KB Toys[7]
- Linens 'n Things[8]
- Music World
- The Sharper Image[9][10][11]
- Anchor Blue Clothing Company (60 locations)[12]
- Hollywood Video/Movie Gallery/GameCrazy[13]
- Borders Group[14]
- Syms[15]
Notable restructurings
[edit]References
[edit]- ^ "Polaroid acquired by new ownership group". gordonbrothers.com. Retrieved May 17, 2017.
- ^ "Interview with Gordon Brothers' New CEO Norma Kuntz". sfnet.com. Retrieved May 25, 2023.
- ^ "Gordon Brothers and Nations Capital Complete H2 Brands Group Acquisition". ABFJournal. Retrieved August 4, 2023.
- ^ vishnupriya (May 1, 2023). "Bed Bath & Beyond, buybuy Baby begin store closing process". Retail Insight Network. Retrieved May 26, 2023.
- ^ "Gordon Brothers Conducts Successful CompUSA Asset Disposition - Case Study".
- ^ "$61 million buys Joe's; big clean-out sale begins". April 10, 2009.
- ^ "KB Toys to begin liquidation sale tomorrow". Boston.com. December 19, 2008.
- ^ "Gordon Brothers Provides Disposition, Brand Restructuring to Linens 'n Things - Case Study".
- ^ Zipkin, Amy (April 13, 2009). "Brand Names Live After Stores Close (Published 2009)". The New York Times.
- ^ San Francisco Business Times
- ^ "Gordon Brothers Transitions the Sharper Image Brand to Licensing Structure - Case Study".
- ^ "Anchor Blue Closing". January 14, 2011.
- ^ "Hollywood Video to close most local stores".
- ^ "Borders: Disposed inventory, provided fixed asset solution, negotiated rent reductions. | Gordon Brothers".
- ^ Brickley, Peg (November 16, 2011). "Filene's, Syms Win Approval for Going-Out-Of-Business Sales". Wall Street Journal.
- ^ "Gordon Brothers Partners with IMG to Expand Laura Ashley Globally".
- ^ "Gordon Brothers: Laura Ashley Launches New Collection with NEXT | Textile World". March 16, 2021.
- ^ "Hilco / Gordon Brothers acquires Polaroid brand, assets and dignity". Engadget. April 17, 2009. Retrieved October 24, 2022.
External links
[edit]
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