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Hilco Consumer Capital and Gordon Brothers Group Team to Acquire the Intellectual Property of The Bombay Company, Inc.

Publication: PR Newswire
Publication Date: 21-DEC-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
FORT WORTH, Texas, Dec. 21 /PRNewswire-FirstCall/ -- The Bombay Company, Inc. ("Bombay") today announced that it has agreed to sell its intellectual property, which includes the Bombay brand name, to Bombay Brands, LLC, ("Bombay Brands") a joint venture of Hilco Consumer Capital and Gordon Brothers Group. In a unique transaction structure, The Bombay Company bankruptcy estate retains a 25% interest in Bombay Brands. The acquisition is subject to approval by the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO)

Hilco Consumer Capital will assume day-to-day brand management responsibilities and will...

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