Gordon Brothers News
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Darren McCarthy is learning one thing from Ireland’s economic woes: how to be a salesman.
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Gordon Brothers Group LLC, a Boston- based liquidation, lending and investment firm, is interested in purchasing assets of U.K. retailer HMV Group Plc that may become available as part of a restructuring process, according to a person familiar with the matter.
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The collapse of HMV Group Plc might shutter 230 CD shops and eliminate thousands of jobs. What’s overlooked in the tumult is that the demise of Britain’s biggest seller of music and movies will leave Nipper the dog, its U.K. trademark, as its most valuable asset.
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At the height of Ireland’s real- estate boom five years ago, Mervyn Chamney failed with an 8 million-euro ($11 million) bid for land 16 miles from Dublin. Last month, he bought the site for about 550,000 euros.
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Blockbuster Inc. , the movie rental chain, received final authority from the bankruptcy judge yesterday to pay pre-bankruptcy claims of movie companies, regardless of whether the claims are secured or unsecured. Blockbuster sought the right to pay claims to assure a continuing supply of new movies.
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Urban Brands Inc., the bankrupt purveyor of large-size women’s apparel, is being acquired by Gordon Brothers Group.
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Gordon Brothers Group, the liquidation, lending and investment firm, has named a former executive at Sun Capital Partners as its new head.
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Dissident unsecured creditors of Syms Corp. laid out a theory yesterday of why the bankruptcy court can’t approve the Chapter 11 reorganization plan coming up for approval at an Aug. 29 confirmation hearing in U.S. Bankruptcy Court in Delaware.
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Philadelphia Newspapers LLC , the publisher of the Philadelphia Inquirer and Philadelphia Daily News, will be the subject of a June 24 confirmation hearing for approval of the reorganization plan where pre-bankruptcy secured lenders will take ownership.
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Linens ‘n Things Inc.’s intellectual property was acquired by a group led by Hilco Consumer Capital LP and Gordon Brothers Brands LLC so they can repurpose the name as a licensed brand.
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