Atlanta – Nearly one year after Tweeter shut its doors, the brand, and the trademarks of all 12 chains it had acquired, are on the auction block.
According to Christopher Re, business development VP at asset
recovery firm Apto Solutions, here, Tweeter’s secured lenders analyzed the intellectual
property over the past year and determined that the Tweeter name holds value as
“a strong brand with a legacy of customer service.”
Re said the lenders – comprised of Schultze Asset Management, the
chain’s final owner, and Well Fargo bank – were encouraged by the $14 million
that Systemax paid for Circuit
property, and are pleased with the interest being shown in Tweeter.
Bids are being accepted through Nov. 30, and Apto, which also
conducted Tweeter’s final liquidation sale to the trade, will hold a private
auction in mid-December. Brands for sale include Tweeter, Sound Advice, HiFi
Buys, Showcase Entertainment, Dow Stereo, United Audio, Douglas TV, Audio Video
Systems, Now Audio Video, Big
Bryn Mawr, Home Entertainment and Hillcrest Audio Video. The properties can be
acquired as a group or individually.
Interested bidders can contact Re at [email protected].