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

 

BUXBAUM GROUP THE KEY TO SALE OF RAMPAGE - Turnaround specialist created an attractive acquisition candidate

LOS ANGELES, Calif. (10/20/05) --The recent $45.9-million sale of Rampage, a manufacturer and distributor of junior apparel, is the culmination of a two-year long overhaul of the company by Buxbaum Group, the Calabasas, Calif.-based turnaround investor.

"We took a troubled company and put it back on its feet, giving it needed financial and operational assistance,” said David Ellis, president of Buxbaum Group. “Now it’s poised to go to the next level.”

Two years ago, Rampage faced the prospect of filing for Chapter 11 for the second time in six years, even though its product line was as strong as ever. Buxbaum Group identified Rampage’s key problem as an inability to deliver goods on time and manage its inventory.    

“Because of its chronic delivery problems,” said Paul Buxbaum, chairman and CEO of Buxbaum Group, “Rampage had been suffering cancellations and chargebacks from its retail customers. This was creating a major drain on the bottom line.”

Buxbaum Group simplified the acquisition process, contracting with overseas suppliers to deliver finished goods on time and according to specs. It also restructured Rampage’s back office operation, cutting down on speculative inventory.

 The impact on Rampage’s bottom line was considerable. Although sales volume was pared down, gross profits increased by $3 million.

Buxbaum Group also put together a plan to purchase the creditors’ trust established at the time of the company’s original bankruptcy, allowing Rampage to regain full control of its trademark and licensing revenue and, consequently, aggressively recruit new licensees. 

Iconix Brand Group, Rampage’s purchaser, is a publicly traded, New York City-based company whose strategy is to invest in intellectual property and add value to it over time. Its acquisition of Rampage’s brand and licensing agreements will complement its earlier acquisitions of properties like Joe Boxer, Candie’s and Bongo.  

Larry Hansel, Rampage’s founder and former chairman, has signed an agreement with Iconix to go forward as a Rampage sports licensee.

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 Parness & Associates, Bill Parness or Lisa Kreda, (732) 290-0121.