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

 

 

 

INVENTORY CLEARANCE SALES BEGIN IN ALL 142 FAO SCHWARZ, ZANY BRAINY, AND THE RIGHT START STORES

CALABASAS, Calif., (12/4/03) - Inventory clearance sales have begun in all 142 Zany Brainy, FAO Schwarz and The Right Start stores nationwide. The sales commenced after parent company FAO, Inc. (Nasdaq: FAOO), today filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware for itself and its operating subsidiaries ZB Company, Inc. and FAO Schwarz, Inc.

Subject to bankruptcy court approval, FAO, Inc. appointed a joint venture consisting of Calabasas, Calif.-based Buxbaum Group, LLC; Columbus, Ohio-based SB Capital Group, LLC; and Boston, Mass.-based Tiger Capital Group, LLC, as exclusive agent to conduct an inventory clearance sale in all three brands throughout the holiday season. Departments within Parisian, Carson Pirie Scott, Proffitt's McRae's, Boston Store, Bergner's, Herberger's, Younkers and Saks Fifth Avenue department stores, as well as in Borders stores will not participate in the event.

In an earlier release, the company said that the purpose of the Chapter 11 filing was to allow it to sell its FAO Schwarz and The Right Start businesses and assets, and to liquidate its Zany Brainy business (including leases) in an orderly manner. The company disclosed that, at the request of its lenders, it had engaged the liquidators to sell inventory of all three of its brands pending the outcome of its efforts to find buyers for the FAO Schwarz and The Right Start businesses, and close a transaction by December 15, 2003. The company stated that if a transaction was not completed by December 15, 2003, it could be required to accelerate the liquidation of those two businesses and sell remaining assets (including brands and leases) to conduct an orderly wind-up of its affairs.

The joint venture stated that, aside from the deals being offered through the sale on every item beginning Thursday, December 4, 2003, customers should not see any significant difference in operations at the stores as a result of the filing through the time its wind-down is completed early next year. Daily operations will continue, stores will remain open, and transactions that occur in the normal course of business will go on generally as before, though sales would be final.

"Coming within a week after the kick-off of the 2003 holiday season, this sale will offer discounts on every item in every store," said David Ellis, principal of Buxbaum Group.

"The sale creates a great opportunity for savings on famous brands, including Leapfrog, Playmobile, Lego and Barbie, as well as such treasured collectibles as Steiff Plush Animals and Madame Alexander Dolls, which are rarely seen on sale," noted Dan Kane, principal of Tiger Capital Group.

"This is truly a once in a lifetime opportunity to get across-the-board discounts on the high quality toy, hobby and educational products for which these three premier retail brands are known" added SB Capital principal Scott Bernstein.

All sales will be final during the inventory clearance sale, with cash and credit cards accepted. For a complete list of store locations, visit www.fao.com and click on the store locater for each brand.

Press Contacts: At Buxbaum Group, Paul Buxbaum, (800) 990-6820; at Parness & Associates Public Relations, Bill Parness or Lisa Kreda (732) 290-0121.