4.16.12

Haggar Announces New Leadership

 

3.19.12

BJA Auctions Antique

& Estate Jewelry

 

2.28.12

Final Phase of Continental GOB Sale

 

11.29,11

Continental Jewelry Closing in Tampa

 

11.15.11

Unico Designs

the look to hold Two-Store retirement

 

3.2.11

Surya Capital in Association with BJA Purchase Robbins Diamonds Inventory

 

11.11.10

Jewelers Could Have

A Happier Holiday This Year

 

8.23.10

Maharaja's Loses Beachfront Store

as Oil Wary Tourists Avoid the Gulf

 

7.28.10

Buxbaum Group Relocates

 

6.29.10

Michael Lebowitz Joins

Buxbaum Jewelry Advisors

 

6.21.10

Lisa Ketrick Joins

Buxbaum Jewelry Advisors

 

5.14.10

Gold-Buying Helps Jewelers

Weather Great Recession

 

3.29.10

Buxbaum Jewelry Advisors

Helps Hoff Family Jewelers

 

1.12.10

Rapid Sale of $1.5 M Inventory Shows  Demand for Value Jewelry

 

6.18.09

Highly successful sale for

Henricks Jewelers Bonita Springs

 

5.06.09

M.J. Christensen Plans To

Reopen Under New Name

 

5.04.09

Filene's Basement Files

For Chapter 11

 

4.29.09

M.J. Christensen

Store Closing

 

4.23.09

Reviewing All 'Available

Business Options’ for Filene's

 

3.24.09

Jewelry Superstore .Offers

Huge Discounts In

Going Out Of Business Sale

 

11.26.08

Retailers to Shout 'Value!' from the Rooftops This Holiday Season

 

9.24.08

Buxbaum Forms Wholesale, Retail

Jewelry Liquidation Venture

 

7.21.08

Toys, Games, and Collectibles

Offered at Huge Discounts

 

7.17.08

Dismal Consumer Confidence

Undermines 'Immunity'

of Luxury Retail

 

7.17.08

Gigantic Inventory Clearance Sale

Makes Dream Kitchens A Reality

 

3.12.08

Western Wear Chains Offering Huge Savings at Special Inventory Sale

 

11.05.07

Shoppers Can Expect Quick Holiday  Bargains As Worried Retailers Cut Prices

 

10.24.07

Rosslyn Hotel Renovation

into Affordable and

Market-Rate Housing

 

9.10.07

Retailers's Shift Away

from Purchasing Contracts

 

7.09.07

Buxbaum Group Relocates

to Agoura Hills, CA

 

5.03.07

Downturn Means Uncertainty For

New Breed of Asset-Based Lenders

 

2.22.07

Collectors Art

Going-Out-of-Business Sale

 

11.02.06

Buxbaum Group Announces Senior Executive Changes

 

10.23.06

What Will the Holiday Season Bring

 

10.18.06

Marcos and York Join Buxbaum Group

Asset Appraisal Group

 

4.12.06

Acquisition of Honduran Factory to

Help Indosheen Regain Prominence

 

1.03.06

Buxbaum Group Readies

Indosheen for More Growth

 

11.09.05

 Confirmation Hearing on

Waterman Reorganization

 

10.25.05

Buxbaum Group

Gets Gramicci

Back On Track

 

10.20.05

Buxbaum Group the Key to

Sale of Rampage

 

2.17.04
Buxbaum Group Inventory
Appraisals Hit $5.0 Bil.
in 2003

 

1.7.04
David Buxbaum Named to Local
Airport and Hospital Boards

 

12.24.03

Right Start Stores Now in
Liquidation Mode, As Court
Rejects Offer On Business


12.9.03
Buxbaum Group Inventory
Appraisals Exceed $3.5 Bil.
on Target to Reach $5.0 Bil.
for 2003

 

12.4.03
Inventory Clearance Sales
Begin in All 142 FAO Schwarz,
Zany Brainy, and the
Right Start Stores

 

3.27.03
Buxbaum Group Appraised
Approx. $4.0 Billion
in Inventories in 2002

 

2.28.03
Court Approves GOB Sales
For Troutman's Emporium;
Buxbaum Group, Others
to Run Liquidation

 

ACQUISITION of Honduran Factory To Help Indosheen Regain Prominence IN KNITWEAR INDUSTRY

CITY OF COMMERCE, Calif. (4/12/06)–The acquisition and renovation of a 170,000-square-foot production facility in Honduras is the latest step in Buxbaum Group’s turnaround of Indosheen, a fashion-forward provider of knitwear design and sourcing services to the apparel trade.

 This latest development follows the purchase last year of Indosheen’s assets by Maya Apparel Group Inc., a new corporation in which Calabasas, Calif.-based turnaround investor Buxbaum Group has a controlling interest. David Gren, founder of the knitwear company, continues to direct day-to-day operations as president and a partner in Maya, which does business under the Indosheen trade name.

The City of Commerce-headquartered Maya purchased the San Pedro Sula, Honduras factory building in December and launched a renovation project that will include the addition of a number of amenities and special services for the facility’s 400 employees, as well as incentive programs. Initial production began in January and, once in full swing this spring, the facility will turn out anywhere from 300,000 to 700,000 units a month. Additional volume will be contracted out to other facilities in Honduras.

“Ownership of this facility will allow us to gain a greater degree of control over production in order to ensure on-time delivery, as well as provide a level of quality that will meet the most stringent criteria, including those of major retailers like Target, Wal-Mart and Federated Department Stores,” said David Gren, president of Maya Apparel.

 “When the project is complete, the factory will include air conditioning and an on-site medical facility,” he continued. “We firmly believe that the best way to ensure quality is to create a working environment in which employees can look forward to coming to work. Combining this environment with a pay scale that’s heads above the local standard and excellent financial incentives should result in a highly motivated work force.”

 Maya has also recruited a team of professional employees, who will remain in Honduras to oversee quality control, coordinate international shipping, and deal with the rapidly changing laws governing international commerce. Through site visits and inspections, the local professionals will also be charged with enforcing quality controls at the contract facilities.

 Buxbaum Group chairman and CEO Paul Buxbaum noted that the moves in Honduras followed a series of initial steps in the U.S. “To take the company to the next level, we infused Maya with capital, hired additional customer service personnel, and dramatically changed the operations and production procedures of the business,” he said.

Indosheen’s sales were expanding at a dizzying pace, but the company wasn’t structured to accommodate that rate of growth,” explained Gren. “Its infrastructure was more appropriate for a company generating annual sales of $15 million than the $25-million operation it had become, making it increasingly difficult to track orders or maintain a high level of customer confidence. Until Indosheen’s infrastructure can be sufficiently built, annual sales volume will be capped at approximately $25 million. After that, growth will proceed at a measured pace, with sales expected to reach the $50 million to $60 million range in about three years.”

About Buxbaum Group -  Buxbaum Group has built its reputation for over 30 years as one of the largest liquidators and appraisers of retail and wholesale inventories, as well as machinery and industrial equipment, across North America.  While continuing to operate in those areas, the company has shifted its primary focus in recent years to turnaround investing along with specialty financing.  Additionally, a subsidiary, Pathway Strategic Partners, provides turnaround, expansion and/or downsizing strategies, in conjunction with other advisory consulting and management services.

Press Contacts:  At Buxbaum Group, Paul Buxbaum (800) 990-6820; at Indosheen, David Gren, (323) 720-4600 ex. 201; at Parness & Associates Public Relations, Lisa Kreda or Bill Parness, (732) 290-0121.