Gordon Brothers Group
Encyclopedia
Gordon Brothers Group, headquartered in Boston, Massachusetts, is a liquidation firm
that was founded in 1903 by Jacob Bernard, Louis and Joseph Gordon.
The company specializes in appraising the value of non-property retail assets, principally shop stock. Companies can then use it as collateral for borrowing, from banks or from Gordon Brothers' financial arm. It is also an expert in "disposal" - selling off inventory when stores close down through merger or bankruptcy. Gordon Brothers buys and sells $10B in assets a year, but appraises three times that amount.
Liquidation
In law, liquidation is the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation...
that was founded in 1903 by Jacob Bernard, Louis and Joseph Gordon.
The company specializes in appraising the value of non-property retail assets, principally shop stock. Companies can then use it as collateral for borrowing, from banks or from Gordon Brothers' financial arm. It is also an expert in "disposal" - selling off inventory when stores close down through merger or bankruptcy. Gordon Brothers buys and sells $10B in assets a year, but appraises three times that amount.
Notable liquidations
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- Linens 'n ThingsLinens 'n ThingsLinens 'n Things is an online retailer of home textiles, housewares and decorative home accessories. Until 2008, the company also did business as a big box retailer under the name Linens 'n Things, Inc., headquartered in Clifton, New Jersey, United States, and did business across the United States...
- Music World
- Sharper Image
- Anchor Blue Clothing CompanyAnchor Blue Clothing CompanyAnchor Blue Inc. was a Corona, California-based clothing retailer which had over 100 stores in the western United States. It generally sold its own Anchor Blue brand name of youth oriented denim, graphic tees and casual clothing...
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- Borders GroupBorders GroupBorders Group, Inc. was an international book and music retailer based in Ann Arbor, Michigan. The company employed approximately 19,500 throughout the U.S., primarily in its Borders and Waldenbooks stores....