Sharper Image stores to close; e-commerce, catalog remain

All of The Sharper Images' remaining stores will be shuttered, according to its new owners. The retailer will continue as a wholesale, direct-to-retail, e-commerce, and catalog business.The assets of the Sharper Image Corp, which recently put itself up fo

April 6, 2018

The assets of the Sharper Image Corp, which recently put itself up for bankruptcy, had been purchased by a joint venture of private investment firms. The venture, made up of units of Hilco Consumer Capital Corp, Gordon Brothers Group, Windsong Brands LLC, and Crystal Capital, paid $49 million plus contingent recovery to purchase the assets.

The Sharper Image put itself up for auction this spring after filing for Chapter 11 bankruptcy protection earlier in the year.

The firms issued a statement last month that they had developed a licensing strategy for The Sharper Image brand and planned to partner with several global institutions to continue development of the company.

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