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Sunday, November 22, 
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Entries tagged "sharper image"

Linens N' Things intellectual property goes for $1M

Liquidators Gordon Brothers and Hilco hope to revitalize the bankrupt retailers various brands


Circuit City Stores blows a fuse

With its cash and short-term investments down 78% and its market share dwindling, Circuit City Stores Inc. is considering a plan to sell up to 150 stores in order to avoid Chapter 11 bankruptcy, news reports have indicated. ...


Going out on a limb with retail bankruptcies

This just in: The much-discussed inevitable "uptick" in bankruptcy filings is just around the corner! Current Goldman, Sachs & Co. banker and once Kirkland & Ellis LLP partner, James Sprayregen, has broken the big news. Or at least his public relations people have. Thanks, Jamie....


Bankrupt retailers may get more gift card headaches

With retailers going down left and right, the problem of gift cards, and what happens to the holders of them, has come front and center....


Bankruptcy Watch: Is PE-backed Mervyn's the next to file Ch. 11?

It looks like the next retailer filing for Chapter 11 could be Mervyn's LLC. The private equity-owned department store may file for bankruptcy in 30 days because some of its vendors have stopped shipments to the company and key lenders have pulled financing, according to a report from The Wall Street Journal. ...


Bankruptcy Update: Sharper Image, Silverjet, Delphi and more

Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Hilco, GB snare Sharper ImageA joint venture of Hilco Consumer Capital LLC and GB Brands LLC has won the auction for bankrupt Sharper Image Corp., bidding $49 million for the specialty retailer's assets and intellectual property. - John Blakeley Silverjet hits the skidsThe beleaguered global airline industry claimed a new victim when the U.K.'s Silverjet plc filed for administration, the British equivalent of bankruptcy protection. The announcement came hours...


Bankruptcy Update: Sharper Image, RedEnvelope, Movie Gallery

Here are some of the latest bankruptcy stories our reporters have been covering Friday morning on TheDeal.com. For more bankruptcy coverage, check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Sharper Image set for auctionA joint venture of Hilco Consumer Capital LLC and GB Brands LLC will front a $51.25 million stalking-horse bid for Sharper Image Corp.'s assets. The sale's auction is scheduled for May 28. The bidders are affiliated with Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC, which in March began liquidating 96 of Sharper Image's 184 stores. - John Blakeley RedEnvelope wins DIPRedEnvelope...


Bankruptcy Update: Superior, Enron, Frontier, Sharper Image and RedEnvelope

Here is Monday morning's wrap-up of the latest bankruptcy stories we have been covering on TheDeal.com: For more bankruptcy coverage, check out the bankruptcy channel on TheDeal.com or visit our premium product, Bankruptcy Insider.Superior plunges into Ch. 11 After defaulting on its loans and being smacked with several class-action lawsuits, Superior Offshore International Inc. has taken a dive into bankruptcy. The provider of subsea construction and commercial diving services to the offshore oil and gas industry filed for Chapter 11. Although the company didn't state why it filed, it was facing at least two class-action lawsuits and was in...


Retailer bankruptcies looking like those of auto-parts makers

If what's happening with retailer bankruptcies in the last few weeks looks familiar, it is. It's already been happening en masse with auto-part maker bankruptcies....


Sharper Image chairman resigns, looks to buy company assets

Bankrupt specialty retailer Sharper Image Corp. said Thursday its chairman Jerry W. Levin resigned from the company's board and plans to join with other investors on a bid for some or all of the San Francisco-based company's assets. ...


Colbert shows why Sharper Image is bankrupt

Although a week late, Wednesday night Stephen Colbert chimed in on the bankruptcy of Sharper Image Inc. and illustrated perhaps why the gadget retailer is in Chapter 11. During the show's "Threat Down" segment, he highlighted bankruptcy as the country's third threat -- behind Sen. John McCain and Starbucks. If you don't care to watch the whole segment, fast forward the video to the 3:40 mark to watch the minute-long bit. - The editors...



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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