Conducted a multi-asset bankruptcy sale for this electronics retailer which facilitated its transition to new ownership
Client RADIO SHACK
By The Numbers
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.