SB Capital Group Named Stalking Horse Bidder by ALCO

GREAT NECK, New York – October 21, 2014 – A joint venture consortium including SB Capital Group, LLC, has been chosen as the stalking horse bidder for an auction to be held in the event of liquidation by ALCO Stores, Inc. of Coppell, Texas. If successful at auction, SB Capital Group and partners would conduct Read the full article »

Uncle Lee’s in Greenville is Closing Their Doors Forever

GREENVILLE, Kentucky – October 20, 2014 – After nearly 40 years in business, Uncle Lee’s on Main Street in Greenville is closing their doors. Mr. Lee Fauntleroy, President and owner of the iconic local store, announced his decision today to retire. SB Capital Group leads a joint venture retained to operate a “Store Closing Sale” Read the full article »

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 »