(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)
NORTHBROOK, IL-Strategic-services Hilco Organization has formeda retail group designed to acquire stressed--but not distressedretailers in North America. Dollar wise, no deal is likely toolarge for newly created Hilco Retail Acquisitions, Richard Kaye, anexecutive vice president of its parent company, says.
Hilco Retail will look for companies that have attractive assetsand large store counts but are unable to compete in the marketbecause of financial constraints. "Our goal is to restructure andhold," Kaye says, "and at some point there could be a liquidation.Our goal is not to buy and flip."
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