Paul M. Buxbaum, Principal
Paul M. Buxbaum, Chairman and
CEO of Buxbaum Group, has been a partner in Buxbaum Group and its related
and successor companies for over 25 years. Buxbaum Group has a foundation
and roots in the liquidation sector and has liquidated billions of dollars
of assets of such companies as Kmart, Montgomery Wards, and FAO Schwartz.
From this foundation in understanding values in insolvency, Buxbaum Group
has expanded its business to include an appraisal division working for most
of the major lenders, a turnaround consulting group and an equity group,
which invests in and manages turnaround opportunities.
Mr. Buxbaum has served on the
Board and\or as an officer of various public and private companies. Such
appointments include Chairman of the Board from 1993 to 1998 of Ames
Department Stores, a 400-plus store chain with sales in excess of $4 billion
Mr. Buxbaum also served as CEO
of Global Health Sciences, Orange, CA, a manufacturer and packager of
nutritional supplements and herbal-based products with $250 million in
Mr. Buxbaum is also a former
Board member (1990-1996) of Herbalife International, Los Angeles, CA (HERBA;
NASDAQ), a $1 billion sales organization of nutritional supplements and
herbal-based products, and acted as an advisor to the Chairman/President;
and past chairman of the Audit, Compensation, Finance and Business
Other Board appointments
included Richman-Gordman "Half-Price" Stores, (1994-1997) headquartered in
Omaha, NE with 32 retail outlets; Lamont's Apparel (1994-1998), Kirkland,
WA, a family apparel and home accessories retail chain with 38 locations,
and Jay Jacobs (Chairman and Director 1995-1998), Seattle, WA, a former
apparel specialty store with 135 locations.
In 2002, Mr. Buxbaum was hired
to advise L’Koral Industries on the premium denim division, Seven For All
Mankind. He arranged for the sale of half the company to Bear Sterns
Merchant Banking in 2005. He served as a director through March 2007, and
thereafter continued as an advisor to the Chairman until the company was
sold to VF the following year.
Through Buxbaum Group, Mr.
Buxbaum also purchased a half-interest in Rampage Clothing, a $120 million
apparel manufacturing company. Buxbaum reorganized the struggling Company’s
operations, strengthening the profitability and increasing the licensing
business. In September of 2005, they sold the newly-successful company.
Mr. Buxbaum is also the sole
owner of a designer, marketer, and distributor of outdoor apparel bearing
the Gramicci trademark, targeted at hikers, climbers, outdoor enthusiasts,
and travelers with fresh new styles that appeal to a young demographic.
Gramicci is headquartered in Agoura Hills, California.
Mr. Buxbaum is also the majority
equity owner of Rio Garment S. de R.L., a Honduran knit garment
manufacturing facility that employs over 800 persons. Rio Garment is a full
service apparel manufacturer located in San Pedro Sula, Honduras that offers
full package FOB\LDP options to customers in the United States. Rio
develops and produces knits tops for both retailers and distributors. Mr.
Buxbaum utilizes this ownership opportunity to regularly preach the
importance of supply chain sourcing and vendor maintenance to his management
In March 2009, Mr. Buxbaum was
appointed Chief Executive Officer and a Board member of Haggar Clothing
Company in Dallas, Texas. Mr. Buxbaum’s mandate was to reorganize and
breathe fresh life into the venerable men’s and women’s apparel company and
its approximate 50 outlet stores.
Mr. Buxbaum is also the primary
participant in two important affordable housing projects in the Historic
Downtown Los Angeles corridor, more commonly known as Skid Row. The
Alexandria and the Rosslyn Lofts, each built in the early 1900’s, have been
fully restored and are the centerpieces of the ongoing Downtown Los Angeles
Buxbaum Group, Appraisals, Appraisers, Asset
Appraisal, Asset Recovery, Inventory Appraisals, Wholesale Inventory
Appraisals, Retail Inventory Appraisals, Liquidations, Liquidators, Going
Out of Business Sales, Special Event Sales, Turnaround Management, Paul
Buxbaum, Stevan Buxbaum, Scott Rusczyk, Jim Siebersma, Chris York, John
Marcos, Arnold Rubenstein, David Buxbaum, Steve Buxbaum, buxbaumgroup.com,
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