After long decline, this consumer electronics retailer filed Chapter 11 bankruptcy in 2015. Gordon Brothers helped facilitate the multiple asset-class liquidation by running going out of business sales for non-go forward retail stores across the country. The project resulted in over $400 million of inventory sold as well as the FF&E from 2,145 store locations. In addition, we generated over $40 million for the real estate. Through these efforts, we successfully exited supply chain real estate of seven owned industrial properties totaling 2 million square feet. To complete the process, we enabled the smooth transition of remaining locations to the new owner, Standard General.
Conducted a multi-asset bankruptcy sale for this electronics retailer that facilitated its transition to new ownership.