Gordon Brothers Group Names Jan Sommers Vice President of Gordon Brothers Wholesale

Press Release
BOSTON — Gordon Brothers Group, LLC, the Boston-based finance and asset management firm, announced today that Jan Sommers has been appointed Vice President for Gordon Brothers Wholesale, LLC, the company’s division that purchases and sells excess consumer goods in partnership with manufacturers and retailers. Sommers will report to Robert M. Himmel, Managing Director of Gordon Brothers Group and Senior Vice President of Gordon Brothers Wholesale.

“Jan brings to our wholesale clients a distinguished 25-year career during which she managed apparel, sportswear and other soft-line categories for many prominent brands” stated Lawrence Siff, Principal and Managing Director of Gordon Brothers Group and CEO of Gordon Brothers Wholesale. “Her significant contributions over her three years at Gordon Brothers Wholesale have strengthened our position as a major buying force in the wholesale marketplace."

An industry veteran, Ms. Sommers served in senior management roles with several leading apparel manufacturers including Executive Vice President of the Sportswear Group for Leslie Fay and Vice President of Sales and Merchandising for Norton McNaughton. She also served in senior sales and merchandising management positions for nine years with Liz Claiborne, Inc.

About Gordon Brothers Wholesale: Gordon Brothers Wholesale, provides comprehensive services for manufacturers and retailers seeking to sell-through excess consumer goods. Gordon Brothers Wholesale takes ownership of overstocks, cancelled orders and other excess inventory and finds new, appropriate buyers while maintaining strict protection of our clients’ existing brands and sales channels. In addition, Gordon Brothers Wholesale provides the retail buying community with a global network of opportunistic purchases through a dedicated merchant and sales force.

Gordon Brothers Wholesale offers solutions for any size transaction from $50 thousand to $50 million. During the past three years, Gordon Brothers Wholesale facilitated the sale of over $3 billion of consumer goods. For more information on Gordon Brothers Wholesale, visit www.gbwholesale.com or call 617-422-7812.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group, LLC (www.gordonbrothers.com), provides global advisory, operating and financial services to companies at times of growth or restructuring. Gordon Brothers Group delivers customized business solutions for companies that seek to maximize liquidity of under-performing inventory, real estate, commercial and industrial assets, accounts receivable and intellectual property; facilitates mergers and acquisitions; appraises assets and provides equity and debt capital. During the past three years, Gordon Brothers Group disposed of over $12 billion worth of inventory, mitigated $3 billion of leasehold obligations and conducted appraisals on over $100 billion of assets.