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Tiger Group Conducting Online Auction of Bankrupt Tandy Brand Assets

April 03, 2014, 07:34 AM
Filed Under: Bankruptcy

Tiger Group’s Remarketing Services Division is auctioning late-model material handling equipment; contemporary office furnishings; data capture, network, server and telecommunications equipment; complete cafeteria, fitness center and other assets from the corporate headquarters and distribution center of bankrupt fashion accessories manufacturer and marketer Tandy Brands Accessories, Inc. Tiger is conducting the sale in cooperation with Reich Brothers.

Tandy’s fashion accessories were marketed under well-known licensed and brand names, including Sperry Top-Sider, Eddie Bauer, Totes, The Sharper Image, Eileen West, as well as private brands. An involuntary Chapter 7 filing on behalf of certain Tandy creditors was filed on March 11, 2014 in the Texas Northern Bankruptcy Court (case number 3:14-bk-31252).

“Bidders will have a unique opportunity to acquire an array of office and distribution center assets at competitive prices during this event,” said Jeff Tanenbaum, president of Tiger Remarketing Services. “Distribution companies seeking to upgrade their facilities or any business that wishes to spruce up its offices or upgrade its networking and telecommunications backbone will find tremendous buying opportunities at this sale.”

Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger’s seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively.





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