Company Overview of SB Capital Group, LLC
SB Capital Group, LLC provides asset value maximization services worldwide. It helps clients to achieve short term and long term goals with strategies structured around various assets ranging from an equity investment to debt financing, as well as financing involving non-traditional assets. The company also provides a suite of appraisal and valuation services for retail inventory; wholesale inventory; manufacturing inventory, including raw materials, work in progress, and finished goods; fixed assets, including store fixtures, distribution equipment, manufacturing equipment and industrial machinery; accounts receivable; and intellectual property. In addition, it offers an array of asset disp...
1010 Northern Boulevard
Great Neck, NY 11021
Founded in 1996
Key Executives for SB Capital Group, LLC
Chief Financial Officer and Principal
Chief Operating Officer and Principal
President - SBG Capital Group for Canada
Compensation as of Fiscal Year 2012.
SB Capital Group, LLC Key Developments
SB Capital Group, LLC, Tiger Capital Group, LLC and Great American Group, Inc. Announce Formation of Joint Venture to Conduct Sale of all Inventory in 568 Stores of Fashion Bug
Sep 4 12
SB Capital Group, LLC, Tiger Capital Group, LLC, and Great American Group, Inc. announced the formation of a joint venture to conduct a sale of all inventory in the 568 stores of women's retailer Fashion Bug, a unit of Charming Shoppes, Inc., a recently acquired subsidiary of Ascena Retail Group, Inc. The total inventory blowout sale will be conducted in the 568 Fashion Bug stores located in communities across 39 states, and is part of Ascena's planned divestiture of the brand and the orderly wind down of the Fashion Bug operation. As part of the process, Fashion Bug has retained more than 5,900 store and district personnel to assist the joint venture in operating the stores through the completion of the sale process.
Borders Loses Najafi Deal; Auction Likely Next Week
Jul 14 11
According to the news report, Borders Group, Inc.’s deal with Najafi Companies has collapsed. Borders Group stated in court papers filed on July 13, 2011 that it will seek approval of modified bid procedures with a group of liquidators. Earlier, creditors attacked the potential sale, saying that Borders Group would be better off selling itself to liquidators. The news report added that the liquidation group, led by Hilco Merchant Resources, LLC, is now the stalking horse in an auction, scheduled for next week, meaning it has submitted the first bid. Borders Group’s attorney, Andrew Glenn said that the insertion of the liquidation group as the stalking- horse bidder does not cancel the auction. The report also mentioned that bidders have until July 17, 2011 to make competing offers in order to keep the company alive. Andrew Glenn added that the company is hopeful that Najafi would enter a revised bid. He added that the investor has indicated that it will participate in the auction process, however, details of what role Najafi may play remain unclear. According to the report, liquidators group also includes Gordon Brothers Retail Partners LLC, SB Capital Group, LLC, Tiger Capital Group, LLC and Great American Group, Inc.
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