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Tiger, SB360, Second Avenue Capital Provide $25MM Revolver to francescaâs
February 02, 2021, 08:35 AM
Francescaâs Holdings Corporation and Francescaâs Acquisition LLC, an affiliate of TerraMar Capital LLC, announced, after a fulsome auction and sale process under Section 363 of the United States Bankruptcy Code, that it completed the sale of substantially all of francescaâs® assets, including all inventory and the francescaâs® brand, to Francescaâs Acquisition LLC, Tiger Capital Group LLC (âTigerâ) and SB360 Capital Group, LLC (âSB360â).
francescaâs® will continue to serve its customers through at least 275 boutiques, its e-commerce channels and the Companyâs existing Houston, TX headquarters. The new francescaâs® business has firm financial footing, which includes a new $25 million asset based revo
Gail Glave Named Managing Director at Tiger Capital Group As a key leader in Tiger s retail disposition practice for over 23 years, Ms. Glave has directed liquidation projects ranging in size from $10 million to $900 million
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NEW YORK, Jan. 29, 2021 /PRNewswire/ Tiger Capital Group today announced that Director of Field Financial Operations Gail Glave has been promoted to Managing Director.
As a key leader in the retail disposition practice of the asset appraisal, disposition and investment firm, she serves as both a senior financial analyst and operations specialist, responsible for financial modeling, tracking and analyzing daily sales data, and the on-site management of Tiger s field supervisors.
9 Retailers That Are Closing Stores In January 2021
01/28/21 AT 8:24 AM
The coronavirus pandemic continues to negatively impact the retail sector, with several companies announcing in January that they were closing stores as foot traffic waned and sales declined.
The consumer shift to online shopping during stay-at-home orders only further compounded the financial pressure these retailers were under, making it necessary to shutter locations to stay afloat or, in some cases, file for bankruptcy protection.
According to a report from Coresight Research (via CNBC), there could be up to 10,000 store closures in the U.S. this year, setting a new record amid the pandemic as retailers realign their brick-and-mortar portfolios to remain open for business.
/PRNewswire/ Going-out-of-business sales are underway at all 25 Stock+Field stores across the Midwest an opportunity for enthusiasts of the rural lifestyle.
Francesca’s Holdings Corp. will move forward with an auction after clearance from the U.S. Bankruptcy Court for the District of Delaware, which authorized the move on Friday. The Houston-based womens’ clothing retailer announced a plan to auction off its core retail locations when it filed for bankruptcy protection last month. At the same time, the company reached an agreement with Tiger Finance, an existing lender, for a $25 million.