Advisory and Monetization Services Across Multiple Asset Classes Guide Company through Restructuring
After filing for Chapter 11 bankruptcy, regional furniture retailer The RoomPlace engaged Hyper Group to guide it through the closure of 15 of its 26 retail stores in Illinois and Indiana as well as its Chicagoland distribution center.
Hyper Group developed a comprehensive liquidation strategy and guided The RoomPlace through the sell-through of approximately $20 million in inventory through coordinated Going Out of Business sales across all closing locations. Hyper Group provided guidance on pricing, promotional strategies, in-store execution, and daily performance statistics to maximize recovery. We also conducted the sale of its racking and other material handling equipment inside of its distribution center.
The retail liquidation was completed within the client’s required timeline and generated results consistent with expected recoveries.
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