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Gordon Brothers Group Acquires Inventory, Fixed Assets and IP of NapaStyle

March 10, 2016, 07:57 AM
Filed Under: Retail

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that it has entered into a definitive agreement with NapaStyle and its creditors to acquire the company’s assets, including intellectual property, inventory and furniture, fixtures and equipment.

Founded by celebrity chef, Michael Chiarello, NapaStyle offers handcrafted and artisanal home goods, furniture and specialty foods for decorating, entertaining, cooking, wine, garden and home enthusiasts through store, online and catalog channels. The brand emulates the rich, uncomplicated lifestyle of the Napa Valley with a focus on sustainability.

“We’re pleased to have been able to offer a global solution to the company to maximize the value of the assets,” stated Jim Lightburn, Managing Director of Gordon Brothers Group’s Commercial & Industrial Division. “These assets hold great potential and we look forward to putting them towards productive future uses,” he added.

Gordon Brothers Group has begun searching for buyers of the assets.

NapaStyle is a multi-channel source of exclusive cooking tools, artisan-made salami, salts & spreads, reclaimed barnwood furniture, vintage flatware & antiques, and specialty barware & tabletop. The company was founded by chef, vintner, TV host and author, Michael Chiarello and operates online and catalog channels.

Founded in 1903, Gordon Brothers Groupis a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods.  Gordon Brothers Group conducts over $70 billion worth of transactions and appraisals annually.  As of November 2014, debt financing is provided by Gordon Brothers Finance Company.

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