hhgregg Intellectual Property to be Sold by Hilco Streambank
Assets include iconic retail trademarks, domains, website, and customer database
May 23, 2017, 14:34 ET
NEW YORK, May 23, 2017 /PRNewswire/ -- Hilco Streambank (www.hilcostreambank.com) has been retained, subject to court approval, by Gregg Appliances, Inc. to market and sell the hhgregg® brand and related intellectual property. The Assets include brand-related trademarks and domain names, the hhgregg.com website, and hhgregg's extensive customer database of over 16MM customer files and 5MM emails. The Assets will be sold in a sale under Section 363 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Indiana.
hhgregg is a nationally recognized and trusted retailer of household appliances, consumer electronics, furniture and mattresses. Headquartered in Indianapolis, IN, hhgregg is the fifth largest national appliance retailer in the US, operating 229 store locations across the Midwest and Southeast and conducting ecommerce through its website: www.hhgregg.com, which won JD Power's "Highest in Appliance Retailer Customer Satisfaction" award in 2014. Priding itself on creating a differentiated shopping experience, the hhgregg® brand is known for industry leading customer service, seamless delivery and installation capabilities, and a highly trained and knowledgeable sales staff.
According to Hilco Streambank EVP, David Peress, "The hhgregg brand portfolio offers buyers the opportunity to instantly engage with a sizeable group of active customers and leverage a substantial catalog of products to strengthen market share in appliances and consumer electronics." "The hhgregg brand has broadened into furniture and bedding product lines, providing significant value to retailers looking to gain or increase presence in these markets," added Mr. Peress.
Parties interested in learning more about the hhgregg intellectual property assets, the sale process and other bidding requirements should contact Hilco Streambank directly using the contact information provided below.
About Hilco Streambank
Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Over the last three years Hilco Streambank has become a leader in the IP valuation and disposition market, representing brands across various industries. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through HilcoDomains.com and IPv4Auctions.com, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), a worldwide financial services company and leader in helping companies maximize the value of their assets.
Parties interested in learning more about the hhgregg intellectual property assets, the sale process and other bidding requirements should contact Hilco Streambank directly using the contact information provided below.
| David Peress Executive Vice President Hilco Streambank (781) 471-1239 |
Jack Hazan Executive Vice President Hilco Streambank (212) 610-5663 |
Benjamin Kaplan Associate Hilco Streambank (646) 651-1978 |
SOURCE Hilco Streambank