>>
Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Fashion / Friedman's to hold bankruptcy liquidation sale

Friedman's to hold bankruptcy liquidation sale

07
Apr '08
Friedman's Inc, which operated 455 retail jewelry stores under the Friedman's and Crescent brands, will conduct a court-ordered bankruptcy liquidation sale beginning April 5, 2008. The sale was ordered by the bankruptcy court as a result of Friedman's Chapter 11 filing earlier this year.

Inventory valued at approximately $400 million will be liquidated at below market prices in a sale that is expected to last approximately 10-12 weeks. Merchandise to be sold will include women's and men's fine and fashion jewelry, featuring diamonds, other precious stones, gold and silver, as well as a wide selection of watches.

The liquidation sale will involve 377 Friedman's and Crescent store locations in 23 southeastern, southwestern and mid-western states (see store list attached). Friedman's is currently in negotiations with an interested third party to sell its 78 remaining locations.

The Friedman's sale is being managed by a consulting group consisting of three leading national retail liquidation and asset recovery firms: Great American Group, LLC; Hudson Capital Partners, LLC; and Silverman Jeweler Consultants, Inc.

“We would like to express our appreciation to all of the Friedman employees who have invested considerable time and effort into building this fine jewelry chain,” said Harvey Yellen, Chairman of Great American Group. “It is unfortunate that Friedman's has to be liquidated after all of these years, and we will work with the employeesand personnel to ensure a smooth process.”

“Over the course of its 88 year history, Friedman's has built a reputation for selling fine jewelry. This liquidation sale offers a unique opportunity to acquire quality jewelry items at extraordinary values,” added James L. Schaye, Hudson Capital Partners President and CEO.

Friedman's Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2022

Real US GDP rose at 6.9% annual rate in Q4 2021: BEA

Real US gross domestic product (GDP) increased at an annual rate of...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2022

Egypt’s garment exports rise by 41% to $2.49 bn in 2021 over 2020

The Egyptian apparel sector’s exports rose by 41 per cent in 2021 to...

Pic: Prasit Rodphan | Dreamstime.com

Textiles | On 28th Jan 2022

Cambodia-Vietnam trade volume touches $9.3 bn in 2021

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise...

Interviews View All

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

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

Leave your Comments

ESTEEMED CLIENTS

The LYCRA Company Singapore  Pte. Ltd
Chori Company Limited
Vianney Textil Hogar S.A. De C.V.
J ;& P Coats
Rayonese Textile Inc., Division de Culp Inc.
Alison Hayes Romania
Gloria Jeans
Cat Tuong Real Estate Group Joint Stock Company
Walmart
SYNERGIES HONG KONG LIMITED
Eastman Chemical Company
Hirdaramani International Export Private Limited
G-Star Raw C.V.
Gokaldas Exports Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Maceton Limited
Guess Europe Sagl,
Lisa S.P.A.
KIABI
Under Armour Global Sourcing Ltd
NITI Aayog
MAS Active / MAS Kreeda / MAS Bodyline
Lenzing Aktiengesellschaft
Huntsman (Singapore) Pte Ltd
Reiter India Private Limited
SHAHI Exports Pvt Ltd
Aquarelle Clothing Limited
Brandix Lanka Limited
Chico’ FAS
Lululemon Athletica Inc
Helly Hansen Far East Ltd
Lacoste (Wanchai)
Tchibo GmbH
Restoque S.A.
Green Fibre
BIANCA
Rosset ;& Cia Limited
Boardriders Asia Sourcing Limited
Babyshop
Permoda(Koaj/Armi/Pronto/Bkul)
C;&A Sourcing International Ltd
Arvind Limited
Groz-Beckert East Asia LLP
OVS Hong Kong Sourcing Ltd.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Truetzschler India Private Limited
KAS Direct Sourcing
Sportmaster Ltd.
Varner AS Retail
International Textile Manufacturers Federation
Target Corporation (MN)
Sainsbury's Argos Asia Limited
Midas Clothing Limited
IDH – The Sustainable Trade Initiative
Splash
Hela Clothing Pvt Ltd
TESCO INTERNATIONAL SOURCING LIMITED
H;&M Hennes ;& Mauritz (Far East) Ltd
Bluestem Global Sourcing Limited
Sportswear Company Spa
Abit
Alix Partners
Etam Group Strategy Hong Kong Limited
BIMBA ;& LOLA SL
Seasalt Limited
LC Waikiki
Lifestyle
PVH Corporation
The Top Form Brassiere Manufacturing Company Limited
Esprit Europe Services GmbH
Landmark Group
Grasim Industries Limited
Benetton Group
Aramark Uniform ;& Career Apparel, LLC
Vardhman Textile Ltd
T.T. Limited
Tory Burch Hong Kong Ltd
Gap International Sourcing Limited
Tommy Hilfiger
Puma
Phong Phu international JSC (PPJ)
Page Industries Limited (Bangalore)
Gatsby Africa
IKEA of Sweden AB
Desigual - ABASIC, S.A.
Amazon China
Sateri (Jiujiang) Fiber Co.,Ltd
Calvin Klein
Recron Polyester from Reliance Industries Limited

January 2022

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


Advanced Search