Former Assets Of Bankrupt Tandy Brands Accessories Up For Sale

Tiger Group conducting online auction for late model networking, telecom, office and warehouse equipment from fashion accessories manufacturer and marketer. Bids close April 10.

News provided by

Tiger Group

Apr 02, 2014, 11:15 ET

DALLAS, April 2, 2014 /PRNewswire/ -- Tiger Group's Remarketing Services Division is auctioning late-model material handling equipment; contemporary office furnishings; data capture, network, server and telecommunications equipment; complete cafeteria, fitness center and other assets from the corporate headquarters and distribution center of bankrupt fashion accessories manufacturer and marketer Tandy Brands Accessories, Inc. (OTCMKTS: TBAC). Tiger is conducting the sale in cooperation with Reich Brothers.

Bidding opens later today for the former assets of the company at www.SoldTiger.com and will close in rapid succession, live auction style, on Thursday, April 10 at 10:30 a.m. (CT). The assets will be available for inspection at 3631 W Davis St., Dallas, on Wednesday, April 9, from 10:00 a.m. to 4:00 p.m. (CT).

Tandy's fashion accessories were marketed under well-known licensed and brand names, including Sperry Top-Sider, Eddie Bauer, Totes, The Sharper Image, Eileen West, as well as private brands. An involuntary Chapter 7 filing on behalf of certain Tandy creditors was filed on March 11, 2014 in the Texas Northern Bankruptcy Court (case number 3:14-bk-31252).

"Bidders will have a unique opportunity to acquire an array of office and distribution center assets at competitive prices during this event," said Jeff Tanenbaum, president of Tiger Remarketing Services. "Distribution companies seeking to upgrade their facilities or any business that wishes to spruce up its offices or upgrade its networking and telecommunications backbone will find tremendous buying opportunities at this sale."

Rolling stock and warehouse support items being sold include two Raymond standup reachlifts; four electric turret trucks; five order pickers; Clark and Mitsubishi Electric three-wheel forklifts; three electric walk-behind pallet jacks; and a Skyjack 3220 scissor lift. Also available are Ingersoll-Rand compressors; a Zeks air dryer; more than 40 pallet jacks, hand trucks and dollies; Intermec SR61, Motorola WT490 and MC9090 hand-held bar code scanners; and flexible conveyors.

Networking and telecom equipment being auctioned include Dell PowerEdge 510, 410 and 310 servers; HP ProLiant DL380 and DL360 servers; as well as EMC SAN and APC UPS systems. Also up for bid are more than 75 Cisco IP 7906, 7816, 7825 and 7828 phones, and a complete Cisco model 7937 Unified IP Conference Station with Cisco VOIP Spider phones.

Available IT equipment includes more than 60 Apple, HP & Toshiba Laptops; more than 50 Apple, HP, Dell and Asus computers; and Acer and Dell monitors. Konica Minolta Bizhub, Canon, HP LaserJet and other copiers, printers, large-format printers, laminators and binding equipment will also be available. Photographic equipment for sale includes Canon EOS 7D and 3D digital SLR cameras and lenses, Sony DSLR cameras, and Manfroto tripods.

Office furnishings available for purchase include complete conference and training rooms; ergonomic and leather seating; modular AllSteel workstations; reception, guest and break room furniture; flat panel HDTVs; contemporary art and sports memorabilia prints; lateral and vertical file cabinets; and Infocus and Sharp projectors. Cafeteria furnishings and equipment being offered include tables and chairs, True and Frigidaire stainless steel commercial refrigerators and freezers, microwaves, commercial ice maker, coffee makers and other equipment.

Exercise equipment being offered includes Precor treadmills, an elliptical, a life cycle, free weights, dumbbells and weight machines.

For a full description of the assets being auctioned and details on how to bid, visit: www.SoldTiger.com

About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger operates main offices in Boston, Los Angeles and New York. To learn more about Tiger, please visit www.TigerGroup.com

SOURCE Tiger Group