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Hilco Trading
Hilco Global is a multinational financial services holding company. It operates over twenty businesses in five continents and specializes in asset valuation, advisory, monetization capital, 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. Hecktman founded Hilco Trading Company after restructuring his family's industrial supply firm and ...
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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. It is part of a collection of upscale residential communities north of Chicago and belongs to Northfield Township and the greater North Shore. 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 th ...
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Sports Authority
Sports Authority, Inc. (formerly The Sports Authority) was an American sports retailer based in Englewood, Colorado. At its peak, Sports Authority operated 463 stores in 45 States and Puerto Rico. The company's website was on the GSI Commerce platform and supported the retail stores as well as other multi-channel programs. A joint venture with ÆON Co., Ltd., operates "Sports Authority" stores in Japan under a licensing agreement. On March 2, 2016, Sports Authority filed for Chapter 11 bankruptcy, and the case was converted to Chapter 7 a few months later. On May 18, 2016, the company's stores were sold to a group of liquidators and on May 25, CEO Michael Foss announced that all of the stores would close by the end of August 2016. On June 30, 2016, Dick's Sporting Goods won the auction for Sports Authority's brand name and intellectual property. On July 15, 2016, the online store closed operations, redirecting users to the Dick's Sporting Goods website. On July 21, 2016 ...
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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, 2013. Products and advertisements From 1976 to 1981, Hostess frequently promoted its snack foods in whole page comic book advertisements in major publishers such as DC Comi ...
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Borders (retailer)
Borders is an international book and stationery retailer. Borders was founded in the United States in 1971 by brothers Tom and Louis Borders, the first bookshop opened in Ann Arbor, Michigan. In October 1992, it was purchased by Kmart, and was then spun-off in 1995 as Borders Group, Inc. remaining headquartered in Ann Arbor, with Waldenbooks as its subsidiary. In 1997, Borders expanded into Singapore, and later Australia and New Zealand. In 1998, Borders expanded into the United Kingdom, and then later Ireland. In 2005, it opened in Malaysia, and in 2006, with Al Maya Group, it opened a location in the United Arab Emirates, and then further expanded across the Middle East. In September 2007, Risk Capital Partners purchased the Borders stores in the United Kingdom and Ireland, alongside a license to use the Borders name. In June 2008, REDgroup Retail purchased the Borders stores in Singapore, Australia and New Zealand with a license to the Borders name. In November 2009, Bo ...
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Blockbuster LLC
Blockbuster or Blockbuster Video is an American multimedia brand which was founded by David Cook in 1985 as a Small business, single home video video rental shop, rental shop, but later became a public store chain featuring video game rentals, DVD-by-mail, streaming media, streaming, video on demand, and cinema theater. The company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster employed 84,300 people worldwide and operated 9,094 stores. Poor leadership and the impact of the Great Recession were major factors leading to Blockbuster's decline, as was the growing competition from Netflix, Inc., Netflix's mail-order service, video on demand (including the Netflix streaming service), and Redbox automated kiosks. Significant loss of revenue occurred during the late 2000s, and the company filed for bankruptcy protection in 2010. The next year, its remaining 1,700 stores were bought by satellite television provider Dish Network; by 2014, the last 300 comp ...
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MCI Worldcom
MCI, Inc. (formerly 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 for 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 moving 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 o ...
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Dick Smith (retailer)
Dick Smith Electronics Holdings Limited 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 and owned by him and his wife until they sold 60% to 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 all of its stores in 2016, four years after its acquisition by Anchorage Capital Partners, though the Dick Smith brand 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 with a total capital of only $610. Initially, the business focused on installing and s ...
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Fletcher Jones (Australian Entrepreneur)
Sir (David) Fletcher Jones OBE (14 August 189522 February 1977) was an Australian clothing manufacturer and retailer. He is considered a pioneer in workforce participation. It has been claimed that "Arguably, no single person or firm had done more to transform and, for a time, homogenize Australian dress standards, particularly among men, than Fletcher Jones and his staff." Biography Fletcher Jones was born in Bendigo, Victoria, the son of a Cornish miner. In his childhood he had a stammer, but he practised reading aloud to manage this. He left school at age 12. He served with Australian forces in France in World War I where he suffered shell shock after being buried alive for several hours. On his return his stammer had returned, but he was determined to manage it so he commenced a door-to-door sales business in Melbourne. He then decided to become a hawker in the western Victorian region. He purchased a menswear store in Warrnambool in 1924. His business expanded, an ...
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Toys "R" Us
Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids (doing business as Tru Kids Brands) and various others. The company was founded in 1948 in Washington, D.C.; its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New Jersey, in the New York metropolitan area. While originally considered a category killer, the rise of mass merchants and online retailers cost Toys "R" Us its share of the toy market. The company was further hampered by a significant debt load, the result of a leveraged buyout organized by private equity firms Kohlberg Kravis Roberts, Bain Capital, and real estate firm Vornado Realty Trust, Vornado. The company filed for bankruptcy in 2017 and 2018, closing all of its stores in the US, UK, and Australia, with the last US stores closing in 2021. Operations in other international markets such as Asia and Africa were less affected, but chains in Canada, parts of Europe and Asia were eventu ...
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Aéropostale (clothing)
Aéropostale may refer to: *Aéropostale (aviation), formerly ''la Compagnie générale aéropostale,'' a defunct French airmail company * Aéropostale (clothing), an apparel retailer See also * Aeropostal Alas de Venezuela * Airmail Airmail (or air mail) is a mail transport service branded and sold on the basis of at least one leg of its journey being by air. Airmail items typically arrive more quickly than surface mail, and usually cost more to send. Airmail may be th ...
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Target Canada
Target Canada Co. was a short-lived Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary formed with the acquisition of Zellers store leases from the Hudson's Bay Company (HBC) in January 2011. Target Canada opened its first store in March 2013, and by January 2015 was operating 133 locations throughout Canada. Its main competition included Walmart Canada, Loblaws, Shoppers Drug Mart, and Canadian Tire. Target Canada was ultimately unsuccessful, owing in part to 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 an ...
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