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Aiwa brand up for auction, its parent bankrupt

Inside Retail

Hilco Streambank, a specialist in monetising intellectual property assets and distressed brands, said it had been retained to manage the sale, subject to bankruptcy court approval. Listed on the Tokyo Stock Exchange from 1961 it lost profitability in the late 1990s and was taken over and delisted by Sony in 2003.

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Retail appointments of the week

Inside Retail

In 2003, he transferred control of the business to his daughter, Naomi Milgrom. Unlike many other brands, we haven’t faced consumer headwinds in the last months, quite the opposite,” said Oliver Reichert, Birkenstock Group CEO. “We are now ready to take the next step in our growth journey.

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Why Online Marketplaces are Outpacing Ecommerce in a Post-COVID World

Retail TouchPoints

Consumer shopping habits have shifted irreversibly towards ecommerce in the past two years. In the face of this product scarcity, the retailers that could fulfill consumer needs quickly were immediately rewarded. For many, every day has become a holiday as new packages arrive from their favorite online retailers.

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Target Names First Chief Growth Officer, Announces Series of C-Level Promotions

Retail TouchPoints

Hennington joined Target in 2003, and was instrumental in modernizing the retailer’s merchandising organization by blending its physical and digital buying functions. “The changes we’re announcing create new opportunities for key leaders to bring their knowledge and experiences to different areas of the business.”.

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Third Circuit Dismisses Talc Bankruptcy

Hunton Andrews Kurth

On Monday, January 30, 2023, the Third Circuit in In re LTL Management, LLC 1 ordered debtor LTL Management, LLC’s (“LTL”) chapter 11 petition dismissed for failure to demonstrate that the petition was filed in good faith pursuant to the Bankruptcy Code. 17 [1] In re LTL Management, LLC , Case No. 22-2003 (3rd Cir.

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3 Different Paths to Resale Profitability

Retail TouchPoints

Resale is one of the hottest sectors of retail right now, but despite rampant consumer demand and brand uptake, resale platform operators are struggling to make ends meet. This dilemma was on display as two of the biggest managed resale marketplaces, ThredUp and The RealReal , reported Q1 2023 earnings on May 9.

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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

The business got its first big break in 2003, during the SARS outbreak, when Liu saw an opportunity to capitalise on the burgeoning e-commerce sector and began selling products online to customers who were eager to avoid public spaces.