ABL Sector Must Stay Vigilant Amid ‘Growth of Shrink’

ABL Sector Must Stay Vigilant Amid ‘Growth of Shrink’
By: Bill Mayer

In what might be thought of as “the growth of shrink,” American retailers are pointing to shoplifting, organized retail crime and employee theft as significant drags on their profitability. The big-box discounter Target, for one, said its profits could take a $500 million hit from shrink this year alone. Notably, in a recent CNBC appearance, […]

Continue Reading >ABL Sector Must Stay Vigilant Amid ‘Growth of Shrink’

Online Auction Features Uninstalled and Never-Used Equipment from Global Molded-Pulp Packaging Manufacturer

Tiger Group and Liquidity Services to auction Zume’s remaining North American assets and finished product inventory on Aug. 17; additional Zume assets in China available in an Aug. 15 online auction

CAMARILLO, Calif., Aug. 10, 2023 /PRNewswire/ — Another tranche of molded-pulp packaging equipment from manufacturer Zume–known for creating anti-leak and compostable products for the global foodservice industry–goes to auction August 17 in a sale by […]

Continue Reading >Online Auction Features Uninstalled and Never-Used Equipment from Global Molded-Pulp Packaging Manufacturer

OncoSec R&D Facility and Lab Goes to Auction on Aug. 10

Online auction by Tiger Group and Liquidity Services features advanced biotech equipment used for cancer-fighting immunotherapy research in San Diego
SAN DIEGO, Aug. 7, 2023 /PRNewswire/ — By order of a U.S. bankruptcy court, Tiger Group and Liquidity Services on Aug. 10 will auction OncoSec Medical Inc.’s former immunotherapy laboratory and R&D facility in San Diego.

The biotechnology company, which focused on developing intertumoral immunotherapies to target cancer cells by stimulating patients’ immune systems, filed for Chapter 7 liquidation in […]

Continue Reading >OncoSec R&D Facility and Lab Goes to Auction on Aug. 10

Upcoming Online Auction Offers Extensive Selection of Lithium-Ion EV Battery Cells and Industrial Equipment

Upcoming Online Auction Offers Extensive Selection of Lithium-Ion EV Battery Cells and Industrial Equipment

What’s Happening
Tiger Group is hosting an online auction on July 13, featuring a vast range of lithium-ion battery cells and industrial assets. The assets come from Romeo Power’s 215,000-square-foot EV battery assembly and testing plant in Cypress, California, now closed. Items up for bid include an impressive selection of industrial machinery, and over 200,000 […]

Continue Reading >Upcoming Online Auction Offers Extensive Selection of Lithium-Ion EV Battery Cells and Industrial Equipment

Private-treaty Sale by Tiger Group Features State-of-the-art Manufacturing Equipment for Molded-fiber Products and Packaging

Private-treaty Sale by Tiger Group Features State-of-the-art Manufacturing Equipment for Molded-fiber Products and Packaging
Stored in the U.S., India and China, assets from California-based Zume include large inventory of compostable food packaging and a wide array of industrial equipment

LOS ANGELES – June 8, 2023 — In an immediate private-treaty sale, Tiger Group is offering more than $30 million of inventory, molded-pulp manufacturing equipment and other assets […]

Continue Reading >Private-treaty Sale by Tiger Group Features State-of-the-art Manufacturing Equipment for Molded-fiber Products and Packaging

Telescope Retailer’s Entire Operations Available in Tiger Group Sale

Telescope Retailer’s Entire Operations Available in Tiger Group Sale
Tiger to hold timed, online auction of multimillion-dollar inventory on June 13

LOS ANGELES, June 6, 2023 /PRNewswire/ — One of the world’s largest Internet retailers of high-performance telescopes is available for purchase as a going concern prior to the June 13 auction sale of the company’s inventory, Tiger Group announced.

The 76-year-old, California-based ecommerce retailer maintains a deep product inventory of more than 1,100 SKUs and 18,000 […]

Continue Reading >Telescope Retailer’s Entire Operations Available in Tiger Group Sale

Niche Internet Brands Can Thrive by Merging with Larger Retailers

Niche Internet Brands Can Thrive by Merging with Larger Retailers
Turnaround and sale of Richer Poorer to francesca’s® points to a go-forward strategy for other e-tailers with strong followings and brands, says Tiger Group’s Ryan Davis.

NEW YORK – May 18, 2023 — Tiger Group’s turnaround and sale of California-based wardrobe essentials brand Richer Poorer to francesca’s® Acquisition LLC shows that merging with a larger platform is […]

Continue Reading >Niche Internet Brands Can Thrive by Merging with Larger Retailers

Paper Products Online Auction Features Liquidation of Kraft Linerboard Paper Rolls

Paper Products Online Auction Features Liquidation of Kraft Linerboard Paper Rolls
Tiger Group offers 2,1210 rolls in court-ordered bankruptcy sale on May 16.

HOUSTON, May 3, 2023 – A May 16 Tiger Group online auction features 2,120 kraft linerboard paper rolls formerly owned by a global broker and distributor of pulp and paper products.

“It is rare for this much high-quality kraft linerboard—about 3,700 metric tons in all—to become available on […]

Continue Reading >Paper Products Online Auction Features Liquidation of Kraft Linerboard Paper Rolls

Francesca’s Acquires Los Angeles Brand Richer Poorer

Francesca’s Acquires Los Angeles Brand Richer Poorer
Specialty fashion retailer, Francesca’s announced on Tuesday the acquisition of California-based wardrobe essentials brand, Richer Poorer.

The Houston-based company, which operates the Francesca’s and Franki by Francesca’s stores, said the acquisition will place Richer Poorer under the Francesca’s Acquisition LLC umbrella as a wholly owned subsidiary. Financial terms of the deal were not disclosed.

The Richer Poorer buyout signals a shift in […]

Continue Reading >Francesca’s Acquires Los Angeles Brand Richer Poorer

Asset-Based Lending Sector Needs to Embrace Data and AI

Asset-Based Lending Sector Needs to Embrace Data and AI
Adjusting to more complex datasets should be a top priority in asset-based lending now that AI is set to become a bigger factor in borrower health, advises Tiger Group Executive Managing Director Bradley W. Snyder.

In an April 5 Industry Insights column for ABL Advisor (“What Asset-Based Lending Can Learn from AI in the Grocery Sector”), Snyder points to OpenAI’s bombshell […]

Continue Reading >Asset-Based Lending Sector Needs to Embrace Data and AI