NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- Hilco Streambank, a Hilco Global company, has been retained by Dots LLC to conduct the sale of its intellectual property (IP) portfolio including trademarks, domain names and a customer file. The trademarks include the well-known Dots® apparel and accessories brand and the Dots.com domain name. The assets will be sold in a chapter 11 bankruptcy process which will conclude in early May.
The Dots brand was established in 1987 and became a leading retailer of women's apparel, footwear and accessories with approximately 400 stores in 28 states. After an extensive effort to restructure, the company filed for Chapter 11 bankruptcy protection on January 20th, 2014. The retail stores are being liquidated through the chapter 11 process while Hilco Streambank has been hired to manage the process to monetize all of the intellectual property.
"We expect to see significant interest in these assets" said Jack Hazan, EVP of Hilco Streambank. "In addition to Dots being a recognized brand in women's apparel, we also view the brand, and particularly the domain name, to have broad application across many categories in both the retail and non-retail sectors." Hazan said. Additionally, Hilco Streambank indicated that it believes that the customer file is also quite valuable because it has been kept current and Dots has maintained effective communication with its customers through digital media. "We are already receiving a strong reaction to this offering in the marketplace," said Mr. Hazan.
Parties interested in finding out more about this sale should contact Hilco Streambank directly using the contact information provided below:
Jack Hazan
(212) 610-5663
jhazan@hilcoglobal.com
Anna Moreva
(781) 444-4940
amoreva@hilcoglobal.com
Dmitriy Chemlin
(212) 610-5642
dchemlin@hilcoglobal.com
About Hilco Streambank
Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Over the last three years Hilco Streambank has become a leader in the IP valuation and disposition market. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases as well as private transactions, Hilco Streambank has established itself in the internet and telecom community as a responsible and effective intermediary in the space. Hilco Streambank is a Hilco Global Company. Northbrook, IL based Hilco Global (www.hilcoglobal.com) is the world's preeminent authority on helping businesses to maximize the value of their assets.