Gordon Brothers Group
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Gordon Brothers Group
Gordon Brothers Group, which has its headquarters in Boston, Massachusetts, is a liquidation and restructuring firm that was founded in 1903 by Jacob Gordon. Notable liquidations *CompUSA * G.I. Joe's *KB Toys *Linens 'n Things *Music World *The Sharper Image *Anchor Blue Clothing Company (60 locations) *Hollywood Video/Movie Gallery/GameCrazy *Borders Group *Syms Notable restructurings *Laura Ashley plc *Polaroid brand, acquired in 2009 with Hilco Hilco Global is an American financial services holding company. It operates over twenty businesses and specializes in asset valuation, advisory, monetization, and disposition services. Headquartered in Northbrook, Illinois, it has offices th ... and sold 2017 References External links * Companies based in Boston American companies established in 1903 Financial services companies established in 1903 1903 establishments in Massachusetts {{US-finance-company-stub ...
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Investments
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Hollywood Video
Hollywood Entertainment Corp. (Nasdaq: HLYW), more commonly known as Hollywood Video, was a home video and video game rental shop company started in 1988. The chain was the largest direct competitor to Blockbuster Video until it was purchased by Movie Gallery in 2005. Hollywood Video ceased operations in May 2010, when Movie Gallery, its parent company, declared Chapter 7 bankruptcy. Its last US store closed on July 31, 2010, whereas the last official one in Canada closed on August 8 of that year. In October 2011, thHollywoodVideo.comsite had been relaunched as a blog. While the website remains active, the last entry was made in October 2014. History 20th century In 1984, Mark Wattles left college and was struggling financially. Wattles' parents had given him and his wife a VCR, which they used as a form of low-cost entertainment. Wattles later said: "I thought, 'There must be other people in America in the same shoes. I think this would be a great business." In 1985, Wattl ...
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American Companies Established In 1903
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * B ...
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Companies Based In Boston
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Hilco
Hilco Global is an American financial services holding company. It operates over twenty businesses and specializes in asset valuation, advisory, monetization, and disposition services. Headquartered in Northbrook, Illinois, it has offices throughout the world and provides services to companies, their lenders and professional services advisers across a broad spectrum of business categories including retail, commercial, industrial and financial. Hilco Global delivers services focused on maximizing the value of under-performing and excess retail, consumer products and industrial inventory, real estate, intellectual property, including consumer brands, patents, and accounts receivable. Hilco Global is also considered one of the largest distressed investment and advisory companies in the world. History Hilco Global was founded in 1987 by Jeff Hecktman. Originally operating under the name Hilco Trading, the holding company was renamed in 2013, eliminating the use of the name Hil ...
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Polaroid Corporation
Polaroid is an American company best known for its instant film and cameras. The company was founded in 1937 by Edwin H. Land, to exploit the use of its Polaroid polarizing polymer. Land ran the company until 1981. Its peak employment was 21,000 in 1978, and its peak revenue was $3 billion in 1991. When the original Polaroid Corporation was declared bankrupt in 2001, its brand and assets were sold off. The "new" Polaroid formed as a result, itself declared bankruptcy in 2008, resulting in a further sale to Polish billionaire Wiaczesław Smołokowski. In May 2017, the brand and intellectual property of Polaroid Corporation were acquired by the largest shareholder of the Impossible Project, which had originally started out in 2008 by producing new instant films for Polaroid cameras. The Impossible Project was renamed Polaroid Originals in September 2017,
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Syms Corporation
Syms Corp (styled as SYMS) was an off-price retail clothing store chain, founded by Sy Syms in 1958. Its headquarters was in Secaucus, New Jersey, where it became a public company, traded on the New York Stock Exchange (SYM) in 1983. The company also owned Filene's Basement, which it acquired in June 2009. At its height, the company and its subsidiary collectively owned and operated a chain of 55 "off-price" retail stores in 16 states; the company employed approximately 3,800 full and part-time workers. Each SYMS and Filene's Basement store offered a broad range of merchandise from nationally recognized designer or brand-name labels for men, women, and children. On November 2, 2011, SYMS and Filene's Basement collectively filed for Chapter 11 bankruptcy protection. All SYMS and Filene's Basement stores were closed at the end of December 2011. History In 1958, after a dispute with his brother over the clothing store they had inherited from their father, then Seymour Merns left t ...
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Borders Group
Borders Group, Inc. (former NYSE ticker symbol BGP) was an American multinational book and music retailer based in Ann Arbor, Michigan, United States. In its final year, the company employed about 19,500 people throughout the U.S., primarily in its Borders and Waldenbooks stores. At the beginning of 2010, the company operated 511 Borders superstores in the United States. The company also operated 175 stores in the Waldenbooks Specialty Retail segment, including Waldenbooks, Borders Express, Borders airport stores, and Borders Outlet stores. In February 2011, Borders applied for Chapter 11 bankruptcy protection and began liquidating 226 of its stores in the United States. Despite a purchase offer from the private equity firm Najafi Companies, Borders was not able to find a buyer acceptable to its creditors before its July bidding deadline, so it began liquidating its remaining 399 retail outlets, with the last remaining stores closing in September. The Chapter 11 case was ultimat ...
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GameCrazy
GameCrazy was a video game retailer based in Wilsonville, Oregon. It was a subsidiary of Movie Gallery. The stores were often, but not always, located adjacent to Hollywood Video rental stores. GameCrazy and its parent company, Movie Gallery, filed for bankruptcy in May 2010. History In 1999, to compete in a growing video game market, Hollywood Entertainment launched a store-within-a-store concept called GameCrazy. It featured the ability to buy, sell, and trade video games, systems, and accessories inside of Hollywood Video stores. Each respective location offered video games for all "next generation" platforms in both new and used conditions. Select locations offered products for older systems such as the NES and Sega Genesis. GameCrazy enabled customers to play a particular title, new or used, prior to purchase. This "try before you buy" option was a staple GameCrazy policy. Movie Gallery launched a similar store-within-a-store initiative called Game Zone. These stores we ...
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Movie Gallery
Movie Gallery, Inc. (former NASDAQ ticker symbol MOVI) was the second largest movie and game rental company in the United States and Canada, behind Blockbuster Video. The company rented and sold Blu-ray Discs, DVDs, VHS tapes, and video games. Founded in Dothan, Alabama, the company was headquartered in Dothan, and later in Wilsonville, Oregon. On April 30, 2010, Movie Gallery announced it was closing and liquidating all of its stores per a filing of Chapter 7 bankruptcy. At its peak the firm had about 4,700 stores in North America, operating mainly under the Movie Gallery, Hollywood Video, and GameCrazy brands. The last of the company's stores were closed in August 2010. In 2011, three Movie Gallery locations in Northwest Arkansas reopened by an independent business owner who acquired the trademark rights in Arkansas. In 2013, an independent businessman in Jackson, Mississippi acquired the trademark rights in Mississippi to Movie Gallery and Hollywood Video and announced int ...
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Anchor Blue Clothing Company
Anchor Blue Laguna Hills. Anchor Blue Inc. (formerly Miller's Outpost) was an American 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 T-shirts and casual clothing. Sometimes the company was referred to as the Anchor Blue Inc., but their retail clothing chain of stores was labeled as ''Anchor Blue''. The Anchor Blue and Miller's Outpost brands were acquired by Perry Ellis International in 2012. Early history The origins of Anchor Blue Clothing Company date to 1948 when brothers Dave and Lou Miller founded Miller's Surplus store (originally Ontario War Surplus). The Ontario, California-based surplus store sold both military surplus and clothing during its early days. The shop gained popularity among local youth as being one of the few places in the area that sold Levi's jeans. The Miller brothers decided to pursue separate ventures and as a result the business folded in the ...
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Prudential Tower
The Prudential Tower, also known as the Prudential Building or, colloquially, The Pru,subscription required'The Pru' everyone calls it: a resigned shrug of a name, as flat and uninflected as the wan moue its pronunciation requires." is an International Style skyscraper in Boston, Massachusetts. The building, a part of the Prudential Center complex, currently stands as the 2nd-tallest building in Boston, behind 200 Clarendon Street, formerly the John Hancock Tower. The Prudential Tower was designed by Charles Luckman and Associates for Prudential Insurance. Completed in 1964, the building is tall, with 52 floors, and (as of January 2021) is tied with others as the 114th-tallest in the United States. It contains of commercial and retail space. Including its radio mast, the tower stands as the tallest building in Boston, rising to in height. A 50th-floor observation deck has been the highest such location in New England open to the public, as the higher observation deck of ...
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