French Broad Place, Luxury Living and a Whole Lot More

CHARLESTON, South Carolina – January 21,2014 – xCelsior French Broad, LLC, a joint venture of SB Capital Group, LLC, is proud to announce its acquisition of French Broad Place, a luxury condominium development in the heart of downtown Brevard. Only minutes away from the Blue Ridge Mountains and several national and state forests, Brevard was Read the full article »

Living the Good Life Just Got Easier with Palmetto Place

CHARLESTON, South Carolina – January 21,2014 – SB Capital Group, LLC, in a joint venture with xCelsior Ventures, LLC, has acquired 51 condominium units at Palmetto Place, a condominium project located in Berkeley County near the intersection of Clements Ferry Road and Jack Primus Road. The acquisition includes 8.2 acres, slated for future development. According Read the full article »

Loehmann’s Going Out of Business Sales Start January 9

NEW YORK, NY – January 8, 2014 – After almost 93 years, Loehmann’s, the premier upscale off-price specialty retailer that originated the concept, is going out of business. Yesterday, the U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture that includes SB Capital Group, LLC, to conduct “Going Out of Business” sales Read the full article »

Bakers Footwear Closing 150 Stores Nationwide

BOSTON, Massachusetts – November 9, 2012 – SB Capital Group, LLC is part of a joint venture chosen to liquidate over $30 million of inventory from 150 Bakers Footwear Group stores nationwide. The “Going Out of Business” sales at the mall-based Bakers and Wild Pair stores starts Friday, November 9, and is expected to continue Read the full article »

Wind-down Sale in Remaining Fashion Bug Locations

BENSALEM. Pennsylvania – September 4, 2012 – SB Capital Group, LLC, announced today the formation of a joint venture to conduct a sale of all inventory in the 568 stores of women’s retailer Fashion Bug, a unit of Charming Shoppes, Inc., a recently acquired subsidiary of Ascena Retail Group, Inc. The “Total Inventory Blowout Sale” Read the full article »

Entire Inventory of The Russ Companies Will Be Sold

GREAT NECK. New York – August 10, 2011 – SB Capital Group, LLC, Worldwide Merchandise Resources Corporation, and Just Inventory Solutions, LLC announced today the formation of a joint venture to dispose of all remaining inventory of iconic gift maker The Russ Companies, Inc. The joint venture was the successful bidder of the inventory sold Read the full article »

Borders Bookstores Going Out of Business

ANN ARBOR, Michigan – July 21, 2011 – Under authority of the U.S. Bankruptcy Court, giant bookseller Borders Group Inc. will begin liquidating its 399 Borders book stores nationwide. Over $700 Million of inventory including books, magazines, music, movies calendars, posters and more will be liquidated. Discounts are offered on merchandise at every closing location. Read the full article »

Borders is Closing Stores in 35 States and Puerto Rico

CHICAGO, Illinois – February 17, 2011 – Under authority of the U.S. Bankruptcy Court, store closing sales are being conducted at 200 Borders book stores in 35 states and Puerto Rico. Over $350 Million of inventory including books, magazines, music, movies calendars, posters and more will be liquidated. Discounts are offered on merchandise at every Read the full article »

Lack’s Furniture is Going Out of Business

VICTORIA, Texas – November 19, 2010 – After more than 72 years in business, Lack’s Stores, Inc., one of the largest independently-owned retail furniture chains in the United States, announced the closing of all 36 stores in the chain. A U.S. Bankruptcy Court approved an order authorizing a joint venture that includes SB Capital Group, Read the full article »

Movie Gallery Canada to Close 181 Stores

TORONTO, Ontario, Canada – June 11, 2010 – Movie Gallery Canada announced the closing of all 181 Movie Gallery and VHQ stores throughout Canada with sales beginning Satruday, June 12th. Inventory valued at approximately $46,000,000 will be completely liquidated during the Store Closing Sales and will be managed by a joint venture group including SB Read the full article »