Home / Knowledge / News / Apparel/Garments / Streambank to market S&K Menswear IP Assets
Streambank to market S&K Menswear IP Assets
23
Oct '09
Streambank, LLC, an advisory firm specializing in intangible assets, announced it has been retained to undertake the marketing and sales efforts for the intellectual asset portfolio of S&K Menswear. The Richmond, Virginia-based men's clothing retailer filed a voluntary Chapter 11 bankruptcy petition in February and subsequently closed its remaining stores.

The company has signed an agreement to sell its trademarks, URLs, private label brands, data files and gift card liabilities to The Buxbaum Group for $165,000. The Buxbaum offer is subject to higher and better bids and bankruptcy court approval. S&K has filed a motion with the bankruptcy court seeking approval of the Buxbaum bid and sale procedures setting a bid deadline of November 6, 2009, and an auction date of November 10, 2009.

The assets for sale include trademarks, website content and addresses and a database containing customer contact information. The trademarks include the store name S&K Menswear, as well as house brands Roberto Villinni, Kilburne & Finch, and Daniel Gray. S&K's house brands accounted for 44% of the company's sales in its last full year of operation. In addition, the company's database of more than 2.5 million customers is included in the sale and is subject to bankruptcy court approval. The customer list was created through internet and in-store sales.

”Suits and shirts bearing these brands are being worn to work and to special events every day in America, and are a constant reminder to their owners of the quality and craftsmanship available at S&K,” said Margaret Birlem of Streambank. “We're confident that the new owners of these brands will be able to turn their recognition into instant customer loyalty.”

S&K was founded in 1967. The retail chain offered suits, sportswear and related accessories, including premier labels such as Jones New York, Lauren by Ralph Lauren, Oscar de la Renta, Michael Kors, Sean Jean and Bostonian. S&K also operated tuxedo rental and corporate uniform businesses. The company offered the cutting edge of emerging men's fashions while maintaining prices that fit the budget of the value-conscious consumer. At its peak, S&K operated more than 230 stores in 27 states in the eastern US.

Streambank is an advisory firm, specializing in the valuation, marketing, and sales of intangible assets for businesses at all stages. Streambank identifies, preserves, and extracts value for clients through the application of experience, diligence and creativity. The firm's experience spans a broad range of industries including apparel, automotive, consumer products, food, manufacturing, medical technologies, retail and textiles. Streambank's recent client engagements include Goody's Family Clothing, Circuit City Stores, and KB Toys. Streambank provides sound advice on value maximization strategies and liquidity options. Streambank is headquartered in Needham, MA.

S&K Menswear


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search