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

 

GRAMICCI GETS BACK ON TRACK - Restructuring directed by Buxbaum Group provides operational and financial stability for outdoor apparel manufacturer

OXNARD, Calif. (10/25/05)—Gramicci, the leading-edge brand in better outdoor apparel, is once more at the peak of its game thanks to Buxbaum Group, the Calabasas, Calif.-based turnaround investor.

“We took a two-pronged approach to Gramicci,” said Paul Buxbaum, chairman and CEO of Buxbaum Group. “The first prong was a multi-million-dollar line of credit. This was later followed by a program to streamline operations and introduce cost-cutting efficiencies.”

Arnold Rubenstein, a highly respected veteran of the apparel industry, was named operations manager of Sole Assets Holdings, LLC, a Buxbaum Group affiliate that currently owns the Gramicci brand. Paul Buxbaum cited Rubenstein’s hands-on approach to management as a significant factor in Gramicci’s turnaround.

Buxbaum Group originally became involved with Gramicci when it provided additional financing to Sole Survivor Corporation, the brand’s previous owner. However, the company was still unable to service its debt load. In order to recover its investment, Buxbaum Group was forced to foreclose on its loan as a secured lender. It wound up with Sole Survivor’s assets, which it subsequently sold in a noticed sale to Sole Assets Holdings, LLC.   

“The biggest problem faced by Gramicci,” said David Ellis, president of Buxbaum Group, “was its inability to produce and ship its goods in a cost-effective and timely manner. Approximately 80% of its finished production was being done in the U.S., with the balance done offshore. The company’s production delays led to cancellations and chargebacks, which together with the high costs of domestic production, placed a burden on the company’s bottom line.”

To break the cycle, Buxbaum Group restructured Gramicci’s back office and all of its operations. Notably, Rubenstein developed and sourced overseas suppliers and operations to assemble 80% of the company’s finished goods, cutting costs and enhancing delivery times. Under Rubenstein’s direction, the company has also rebuilt its sales team.

“A year ago, Gramicci lost close to $7 million,” said Paul Buxbaum. “This year, it will be firmly in the black again, poised to regain the strength of its customer base.”

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 Public Relations, Bill Parness or Lisa Kreda (732) 290-0121.