New York — Brand development company Galaxy Brand Holdings has a portfolio that generates more than $700 million in annual retail sales.
New York — Gordon Brothers Group, Hilco Global and Infinity Lifestyle Brands have jointly announced the sale of the Linens ‘N Things intellectual property assets to Galaxy Brand Holdings for an undisclosed amount.
Galaxy Brand Holdings is a brand development company with a portfolio of consumer brands generating more than $700 million in annual retail sales. In addition to Linens ‘N Things, the company’s portfolio includes AND1, Avia and Nevados. In May, The Carlyle Group acquired a majority interest in Galaxy Brand Holdings.
Linens ‘N Things had 571 stores with $2.7 billion in annual sales before filing for bankruptcy in 2008. In February 2009, Hilco Global, Gordon Brothers Group and other partners disposed of the company’s assets, including store and e-commerce inventory and real estate.
SOURCE: Gordon Brothers Group