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CB Liquidation Corp history
CB Liquidation Corp company history timeline
Although its flagship New York City store will reportedly remain open for the next year, the brand is moving swiftly to sell off inventory as licensing company Authentic Brands takes over ownership. It previously filed for bankruptcy in January 1996.
Back in 2006, Dallas-based Alon USA Energy Inc. purchased 40 of its stores and converted them into 7-Elevens.
CB Insights enhanced valuation data on Jawbone’s 12 capital raises since 2007 (totaling over $778M) shows that nearly a third of the company’s total institutional capital was raised on investor-friendly terms.
Summary: Employee-owned jewelry chain GM Pollack, which was family-owned until 2009, began shutting down stores in June but did not originally plan to close all of its stores.
It also announced the closure of up to 17 stores as part of its strategy. It previously filed for bankruptcy in 2009, during which it reportedly closed 17 stores.
The company’s 2013 filing resulted in its sale to Toronto-based PE firm Catalyst Capital Group.
The company struggled with $200M in debt related to its acquisition of a rival company in 2014.
Aeropostale had been owned by private equity firm Palladin Consumer Retail Partners since 2014.
Summary: Women’s clothing retailer Cache filed for chapter 11 bankruptcy protection in February 2015, citing a lack of time and money to reorganize.
Axios reports that BlackRock, which funded Jawbone’s $300M debt injection in April 2015, is an investor in the new entity.
LRESSP ‐ Special resolution to wind up on 2015-03-27
After failing to find a buyer to keep the business alive, the company liquidated and sold all its assets in May 2016, signaling continued difficulties for brick-and-mortar sportswear apparel.
Date: March 2017 (second bankruptcy)
In March 2017, the company rebranded to become Boardriders, Inc. and in early December, made a bid to acquire Australian competitor Billabong, which is currently pending approval.
2017 has also seen the closures of consumer electronics companies Hello, maker of the Sense smart sleep sensor, in Q2 and Lily Robotics, a drone camera company, in Q1; the startups had raised $52.9M and $15M respectively, and both at the Series A stage.
Summary: Charlotte Olympia filed for Chapter 11 bankruptcy in February 2018, citing the “unprecedented disruption in the retail market.” The company’s assets totaled $3.26M, owing nearly $20M in debt.
Date: August 2019 (second bankruptcy)
The company suffered in 2019 when Nordstorm pulled some of its brands out of its department stores, resulting in a sharp plunge in profit.
The chain had been a pioneer in introducing US customers to international, hard-to-get items, but growing competition from rivals like Amazon’s Whole Foods and Trader Joe’s forced it to shutter stores after running out of cash mid-2019.
Retailer American Freight acquired Furniture Factory Outlet in December 2020, rebranding FFO’s remaining stores to American Freight.
Businesses had been unable to pay rent under the weight of pandemic pressures, resulting in the company’s rental income dropping $127M in 2020.
Compounded by supply chain disruption, liquidity issues, and pressing royalty obligations, Covid-induced shifts led to sales dropping 44% in the fiscal year ended March 2021.
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Zippia gives an in-depth look into the details of CB Liquidation Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CB Liquidation Corp. The employee data is based on information from people who have self-reported their past or current employments at CB Liquidation Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CB Liquidation Corp. The data presented on this page does not represent the view of CB Liquidation Corp and its employees or that of Zippia.
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