4.16.12

Haggar Announces New Leadership

 

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

 

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

 

CONFIRMATION HEARING ON WATERMAN INDUSTRIES REORGANIZATION PLAN SET FOR DECEMBER 1; BALLOTS MUST BE RECEIVED BY NOVEMBER 28

FRESNO, Calif. (11/9/05)—With a confirmation hearing scheduled for December 1, 2005, the final day for receipt of ballots on the bankruptcy reorganization plan filed by Waterman Industries, Inc. has been set at November 28.

Waterman Industries’ First Amended Disclosure Statement and Plan were filed on October 25, 2005, following a hearing held on October 13 before Honorable Judge W. Richard Lee of the U.S. Bankruptcy Court, Eastern District of California, in Fresno. The Exeter, Calif.-based company filed for protection under Chapter 11 of the U.S. Bankruptcy Code on February 10, 2004 in Fresno. In April 2004, Pathway Strategic Partners, LLC, a corporate recovery consulting firm and subsidiary of Buxbaum Group, was approved by the Court to oversee the company’s restructuring. Established in 1912, Waterman is a leader in the water control equipment industry, manufacturing pipe valves, canal gates, sluice gates, filters and related accessories.

The debtor and secured lender Galena National Investments were Co-Proponents of the Disclosure Statement and Plan.  Galena is successor in interest to Wells Fargo Bank and asserts a security interest in the vast majority of the debtor’s personal property assets. The plan provides for the sale of Waterman’s personal property assets to Galena National Investments and, subsequent to the effective date, the liquidation of remaining assets, prosecution of legal actions, settling of disputed claims, payment of Plan Expenses and distribution of proceeds to creditors.

“The restructuring of Waterman’s operations and business practices has propelled the company to a very healthy level of profitability,” noted Kenneth G. Leddon, Principal of Pathway Strategic Partners and Chief Restructuring Officer of Waterman. “The confirmation of this Plan should ensure a bright future for Waterman employees, suppliers and customers, while providing creditors with an optimal return from these circumstances.”

At the hearing, Riley Walter of Walter Law Group appeared for the debtor; Randy Rogers of Winston & Strawn LLP appeared for Galena National Investments, LLC; and Donald Fitzgerald of Feldstein, Fitzgerald, Willoughby & Pascuzzi LLP appeared for the Creditor Committee.  In addition to Walter and Leddon, the debtor was represented at the hearing by Birchel Brown, Managing Director of Pathway Strategic Partners and Chief Operating Officer of Waterman Industries.

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, its Pathway Strategic Partners subsidiary provides turnaround, expansion and/or downsizing strategies, in conjunction with other advisory consulting and management services.

Press Contacts: At Parness & Associates Public Relations, Bill Parness or Lisa Kreda (732) 290-0121.