NEW YORK, November 10, 2020 / PRNewswire / – Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, has announced the sale of Stein Mart’s intellectual property assets and the execution of a harassment horse deal for the assets.
Assets available for sale include the Stein Mart® brand, as well as your privileged brands, domain names, social media resources, and customer data.
Stein Mart has been a prized destination for southeastern shoppers, Texas, Arizona e California more than 100 years ago. Through their omnichannel offerings, Stein Mart and SteinMart.com are known for their designer and private label fashion clothing, home decor, accessories and shoes at daily discounted prices. From January 2020, the company operated 283 stores in 30 U.S. states, as well as the growing e-commerce platform at SteinMart.com.
On October 29, 2020, Stein Mart online, Inc., a wholly owned subsidiary of Retail Ecommerce Ventures, has signed an agreement to serve as the bidder for the “chasing horse,” at a purchase price of $ 4,001,800. The “stalker” offer is a “flat” offer and is subject to higher or otherwise better offers, which must be submitted sooner or later. November 16, 2020. If such bids are received, an auction will be held November 18, 2020. The initial minimum qualifying excess in the auction will be $ 4,221,854.
For the past two years, Retail Ecommerce Ventures, led by the CEO Tai Lopez and Dr. Alex Mehr, CEO, has created a diverse group of companies focused on e – commerce by acquiring the intellectual property assets of Dressbarn, Franklin Mint, Linens’ n Things, Pier 1 Imports and Modell Sporting Goods.
“The company’s investment in omnichannel capabilities has resulted in double-digit sales growth for SteinMart.com and helped them reach an average online order value of $ 80“, commented the senior vice president of Hilco Streambank Richelle Kalnit.
Kalnit added: “Stein Mart has been a pioneer in bringing the priceless model online and providing the customer with multiple options to engage with the brand, including: buy online, collect in store and buy online, ship from store, resulting year after year. sales growth in 2019 and 2020. The buyer of Stein Mart’s intellectual property assets will have the opportunity to leverage the growth of the brand’s e-commerce and continue to provide customers with the styles and value that Stein Mart has loved. ”
Parties interested in acquiring Stein Mart’s intellectual property assets or learning more about the sale process should CLICK HERE or contact Hilco Streambank directly using the contact information provided below.
About Hilco Streambank: Hilco Streambank is a market – leading consulting firm specializing in the valuation and disposal of intellectual property. He has conducted numerous transactions, including publicly reported Chapter 11 bankruptcy sales, private transactions, and online sales. IPv4.Global, Hilco Streambank has established itself as the leading intermediary in the consumer, internet and telecommunications brand communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global, the world’s leading authority on maximizing the value of business assets by offering valuation, monetization and advisory solutions to an international market. Hilco Global operates more than twenty specialized business units that offer services that include asset valuation and valuation, acquisition and disposal of retail and industrial inventory, real estate investments and strategic capital.
About Retail Ecommerce Sales: REV was founded by Dr. Alex Mehr e Tai Lopez in 2019 as a means to bring to life companies that have struggled to succeed in the e-commerce era. Responsible for brands and products that have generated more than $ 1 trillion in sales, including a $ 258 million Dr. Mehr’s departure for Zoosk, the two focused on acquiring distressed, world-renowned retail brands. With unparalleled experience in digital marketing and advertising, mainly on Youtube (Lopez) and Facebook (Dr. Mehr), they create thriving online stores in which physical operations previously failed. So far, they have revitalized women’s fashion leader Dressbarn and recently acquired Pier 1 Imports and Modell’s Sporting Goods.
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SOURCE Hilco Streambank