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

 

RIGHT START STORES NOW IN LIQUIDATION MODE, AS COURT REJECTS OFFER ON BUSINESS

CALABASAS, Calif. (12/24/03) -With a Federal Bankruptcy Court judge yesterday rejecting an offer for FAO, Inc.'s (FAOOQ.PK) The Right Start business, going-out-of-business sales have commenced at all 38 of the chain's stores. Inventory clearance sales had been under way at The Right Start since earlier this month, when parent company FAO, Inc. filed for bankruptcy protection.

In the meantime, going-out-of-business sales continue at FAO, Inc.'s 89 Zany Brainy stores, and store closing sales remain in place at the company's 15 FAO Schwarz locations. All sales are being conducted by a joint venture comprised of Calabasas, Calif.-based Buxbaum Group, LLC, Columbus, Ohio-based SB Capital Group, LLC, and Boston, Mass.-based Tiger Capital Group, LLC.

As previously reported, on December 4, FAO, Inc. 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. 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. At the request of its lenders, the company engaged the joint venture 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, 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. Negotiations are continuing on the sale of certain FAO Schwarz assets.

FAO Schwarz 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, are not participating in the liquidation sale.

All sales in the 127 stores being liquidated will be final, with cash and credit cards accepted. The liquidating stores will continue to accept gift certificates through January 11, 2004. 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 (818) 898-3900; at Parness & Associates Public Relations, Bill Parness or Lisa Kreda (732) 290-0121.