Gordon Brothers Group

Gordon Brothers Group

Gordon Brothers Group, headquartered in Boston, Massachusetts, is a liquidation firm[1] that was founded in 1903 by Jacob Bernard, Louis and Joseph Gordon.[2]

The company specializes in appraising the value of non-property retail assets, principally shop stock. Companies can then use it as collateral for borrowing, from banks or from Gordon Brothers' financial arm. It is also an expert in "disposal" - selling off inventory when stores close down through merger or bankruptcy. Gordon Brothers buys and sells $10B in assets a year, but appraises three times that amount.

Notable liquidations

References

  1. ^ Liz Gunnison (March 5, 2004). "Profits of Doom". Portfolio.com. http://www.portfolio.com/news-markets/top-5/2008/11/28/Bankruptcy-a-Boom-for-Liquidators/. Retrieved March 7, 2010. ("Specialty firms such as Hilco Merchant Services, Gordon Brothers Group, Hudson Capital, SB Capital, and Great American Group are some of the major players acting as clean-up crews, competing for the task of shutting down stores and liquidating assets on behalf of retailers")
  2. ^ Corporate Information, GordonBrothers.com, Retrieved March 7, 2010
  3. ^ Reuters
  4. ^ Washington Post
  5. ^ New York Times
  6. ^ San Francisco Business Times

External links



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