Gordon Brothers Explained

Gordon Brothers
Foundation:	1903
Type:	Private company
Industry:	Investments
Founder:	J. B. Gordon
Location:	Prudential Tower Boston, Massachusetts.
Area Served:	International
Key People:	Norma Kuntz, current CEOMichael Frieze, Chairman Emeritus and former CEOKen Frieze, Chairman and former CEO
Products:	Investments
Services:	Valuations, dispositions, operations, and investments
Subsid:	Laura Ashley plc H2 Brands Group
Parent:	Independent
Website:	gordonbrothers.com

Gordon Brothers Group is a retail focused investment firm that was founded in 1903 by Jacob Gordon. The firm has made headlines with its acquisition of Polaroid from bankruptcy in 2009 and its subsequent sale to Polish businessman Wiaczeslaw Smolokowski in 2017. ^[1] Its headquarters are in Boston, Massachusetts, United States.

In December 2022, Gordon Brothers announced that Norma Kuntz would be appointed CEO of the company, effective February 13, 2023.^[2]

In May 2023, Gordon Brothers acquired H2 Brands Groups, a national consumer products company with annual sales in excess of $250 million and a portfolio of nationally recognized brands.^[3]

Notable liquidations

• Bed Bath & Beyond^[4]
• CompUSA^[5]
• G.I. Joe's^[6]
• KB Toys^[7]
• Linens 'n Things^[8]
• Music World
• The Sharper Image^{[9] [10] [11]}
• Anchor Blue Clothing Company (60 locations)^[12]
• Hollywood Video/Movie Gallery/GameCrazy^[13]
• Borders Group^[14]
• Syms^[15]

Notable restructurings

• Laura Ashley plc^{[16] [17]}
• Polaroid brand, acquired in 2009 with Hilco and sold 2017^[18]

Notes and References

1. Web site: Polaroid acquired by new ownership group . 2017-05-17 . gordonbrothers.com . en.
2. Web site: Interview with Gordon Brothers' New CEO Norma Kuntz . 2023-05-25 . sfnet.com . en.
3. Web site: Gordon Brothers and Nations Capital Complete H2 Brands Group Acquisition . 2023-08-04 . ABFJournal . en-US.
4. Web site: vishnupriya . 2023-05-01 . Bed Bath & Beyond, buybuy Baby begin store closing process . 2023-05-26 . Retail Insight Network . en-US.
5. Web site: Gordon Brothers Conducts Successful CompUSA Asset Disposition - Case Study .
6. Web site: $61 million buys Joe's; big clean-out sale begins . 10 April 2009 .
7. News: KB Toys to begin liquidation sale tomorrow . Boston.com . 19 December 2008 .
8. Web site: Gordon Brothers Provides Disposition, Brand Restructuring to Linens 'n Things - Case Study .
9. News: Brand Names Live After Stores Close (Published 2009) . The New York Times . April 13, 2009 . Zipkin . Amy .
10. http://www.bizjournals.com/sanfrancisco/stories/2008/06/02/daily17.html?jst=b_ln_hl San Francisco Business Times
11. Web site: Gordon Brothers Transitions the Sharper Image Brand to Licensing Structure - Case Study .
12. Web site: Anchor Blue Closing . 14 January 2011 .
13. Web site: Hollywood Video to close most local stores .
14. Web site: Borders: Disposed inventory, provided fixed asset solution, negotiated rent reductions. | Gordon Brothers .
15. News: Filene's, Syms Win Approval for Going-Out-Of-Business Sales . Wall Street Journal . 16 November 2011 . Brickley . Peg .
16. Web site: Gordon Brothers Partners with IMG to Expand Laura Ashley Globally .
17. Web site: Gordon Brothers: Laura Ashley Launches New Collection with NEXT | Textile World . March 16, 2021 .
18. Web site: Hilco / Gordon Brothers acquires Polaroid brand, assets and dignity . Engadget . 24 October 2022 . 17 April 2009.