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Hilco Global
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northbrook, Illinois
Northbrook is a suburb of Chicago, located at the northern edge of Cook County, Illinois, United States, on the border of Lake County, Illinois, Lake County. Per the 2020 United States Census, 2020 census, the population was 35,222. When incorporated in 1901, the village was known as Shermerville in honor of Frederick Schermer, who donated the land for its first Northbrook station, train station. The village changed its name to Northbrook in 1923 as an effort to improve its public image. The name was chosen because the West Fork of the North Branch of the Chicago River runs through the village. Glenbrook North High School, founded in 1952 as Glenbrook High School, is located in Northbrook. The village is also home to the Northbrook Park District, the Northbrook Court shopping mall, the Ed Rudolph Velodrome, the Chicago Curling Club, and the Northbrook Public Library. History Members of the Potawatomi tribe were the earliest recorded residents of the Northbrook area. After signin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Target Canada
Target Canada Co. was the Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary was formed with the acquisition of Zellers store leases from the Hudson's Bay Company in January 2011. Target Canada opened its first store in March 2013, and was operating 133 locations by January 2015. Its main competition included Walmart Canada and the local Loblaws and Shoppers Drug Mart chains and Canadian Tire to some extent. Target Canada was ultimately unsuccessful, with an overly-aggressive expansion initiative, in addition to higher prices and a limited selection of products compared to Target stores in the United States and its Canadian rivals, particularly Walmart. The retail chain racked up losses of $2.1 billion in its lifespan, and was widely viewed as a failure, termed a "spectacular failure" by Amanda Lang of CBC News, "an unmitigated disaster" by ''Maclean's'' magazine and "a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounts Receivable
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes. Overview Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an establ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bad Debt
Bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. There are various technical definitions of what constitutes a bad debt, depending on accounting conventions, regulatory treatment and the institution provisioning. In the USA, bank loans with more than ninety days' arrears become "problem loans". Accounting sources advise that the full amount of a bad debt be written off to the profit and loss account or a provision for bad debts as soon as it is foreseen. Doubtful debt Doubtful debts are those debts which a business or individual is unlikely to be able to collect. The reasons for potential non-payment can include disputes oversupply, delivery, the condition of the item, or the appearance of fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blockbuster Store Closing, Ypsilanti Township, Michigan
Blockbuster or Block Buster may refer to: * Blockbuster (entertainment) a term coined for an extremely successful movie, from which most other uses are derived. Corporations * Blockbuster (retailer), a defunct video and game rental chain ** Blockbuster (Bend, Oregon), the only remaining store of the defunct rental chain Arts and entertainment Comics * Blockbuster (DC Comics), the name of four DC Comics characters * Blockbuster (Man-Brute), a Marvel Comics character introduced in 1970 * Blockbuster (Marauder), a Marvel Comics character introduced in 1986 Music * ''Blockbuster'' (album), a 2012 album by Block B * "Block Buster!", a 1973 song by Sweet * "Blockbuster" (Enhypen song), a song by Enhypen from the 2021 album ''Dimension: Dilemma'' Television and film * ''Blockbuster'' (2018 film), a 2018 Netflix film * ''Blockbusters'' (American game show), an American game show which had two separate runs in the 1980s ** ''Blockbusters'' (Australian game show), an Australian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilco Capital
Hilco Capital is a British international company that specialises in restructuring and refinancing other companies. Notable projects Hilco has been involved with these companies, and in some cases owning and operating them for a period of time: United Kingdom * Adams Childrenswear * Allders (original store closures) * Allied Carpets * Andys Records * Bank * Beatties of London * Borders (UK) * British Home Stores (cleared stores) * Chapelle Jewellery & Watches * Clintons (294 store closures) * Courts plc * Denby Pottery Company (debt, restructuring and management buyout) * Elvi * Ethel Austin * Extreme Stores * Faith * Fashion Rocks * Focus DIY * Habitat (debt and restructuring) * HMV (purchased in 2013) * Homebase (purchased in June 2018) * Hypervalue * ILVA (UK) * JJB Sports (cleared stores) * Kwik Save * Litho Supplies * Littlewoods * Maplin (retailer) (Cleared stores) * MFI Group * MK One * Music and Video Club * Nicole Farhi (fashion label, sold in 2012) * Owen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostess (snack Cakes)
Hostess Cake, mostly known simply as Hostess, is a brand under which snack cakes are sold by Hostess Brands. The brand originated in 1919 when the first Hostess CupCake was sold. However, it is better-known as the brand under which Twinkies are sold, after that product appeared in 1930. The brand was owned by the Continental Baking Company until 1995, when Continental was acquired by Interstate Bakeries Corporation. IBC became "Hostess Brands" in 2009 and began liquidating its assets in 2012 following a strike by the BCTGM union. The defunct business is now known as Old HB. In 2013, the cake business of Hostess Brands was sold to a "new" Hostess Brands owned by private equity firms Apollo Global Management and C. Dean Metropoulos and Company, and Hostess-branded products officially returned on July 15 of that year. Products and advertisements In the 1970s and 1980s, Hostess frequently promoted its snack foods in whole page comic book advertisements in major publishers such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blockbuster LLC
Blockbuster LLC, formerly known as Blockbuster Video, was an American-based provider of home video and video game rental services. Services were offered primarily at video rental shops, but later alternatives included DVD-by-mail, streaming media, streaming, video on demand, and cinema theater. Previously operated by Blockbuster Entertainment, Inc., the company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster consisted of 9,094 stores and employed approximately 84,300 people: 58,500 in the United States and 25,800 in other countries. Poor leadership and the impact of the Great Recession were major factors leading to Blockbuster's decline, as was the growing competition from Netflix's mail-order service, video on demand, and Redbox automated kiosks. Significant loss of revenue occurred during the late 2000s, and the company filed for bankruptcy protection in 2010. The following year, its remaining 1,700 stores were bought by satellite television pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MCI Worldcom
MCI, Inc. (subsequently Worldcom and MCI WorldCom) was a telecommunications company. For a time, it was the second largest long-distance telephone company in the United States, after AT&T. Worldcom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business. Worldcom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI. History Foundation In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named chief executive office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dick Smith (retailer)
Dick Smith Holdings Limited (formerly Dick Smith, Dick Smith Electronics or DSE) was an Australian chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and unsuccessfully into several other countries. The company was founded in Sydney in 1968 by Dick Smith (entrepreneur), Dick Smith and owned by him and his wife until they sold 60% to Woolworths Group (Australia), Woolworths in 1980, and the remaining 40% two years later. In 2012, Dick Smith had 263 stores around Australia. It also had 62 stores around New Zealand, including 20 in Auckland. The company closed its stores in 2016, four years after its acquisition by Anchorage Capital Partners, though the Dick Smith name continues as an online brand operated by Kogan.com. History Early years The business started in 1968 in a small $15-rent-per-week premises in a car park in the Sydney suburb of Neutral Bay, New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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