Bulk Sale Opportunity - Sealed Bids Due by April 17, 2019
March 7, 2019 to April 17, 2019
Bulk Sale Opportunity of $20+ Million of Retail Value of Woman’s Misses & Plus Quality Apparel from a 40+ year old fashion industry leader, both in the branded and private label segments of the apparel business, that sells to national mass-market retailers and specialty stores.
Onyx Asset Advisors, LLC. (“Onyx”) – http://thinkONYX.com – has been formally engaged as the exclusive sales agent for a confidential offering from a major retail and wholesale apparel manufacturer, (hereafter referred to as the “Company”). The asset offering includes over one million pieces of women’s misses and plus apparel carried by both major mass-market retailers and specialty stores.
In order to assist interested parties with their due diligence, we have included a breakdown of the relevant details of the Company’s offering. Please review the information below and contact Paul D. Buie at PBuie@thinkONYX.com with inquires and/or to schedule a sample inspection.
- Due Diligence period – March 8, 2019 to April 17th, 2019
- Sample Inspections – by appointment only, see below
- Sealed Bid offering due – 4pm, Pacific Time, Wednesday – April 17, 2019
- Bid acceptance – Monday – April 22, 2019
Bid Submittal Instructions/Details
- This is a bulk sale. All bids must be a minimum of 15,000 individual units.
- Bids must be submitted to Onyx on the official bid form, available below.
- Successfully buyers responsible for cost to pick up or ship the inventory.
- Date of pick up to be scheduled post bid acceptance
- An 8% service fee will be added to successful bids and final invoices.
- Sales tax (if applicable) which will be added to the successful bids and final invoices.
- This is a sealed bid offering. No online/public auction will be held.
- All bids subject to final confirmation.
Due Diligence Samples and Inspections
Samples to be made available at Onyx’s Los Angeles or San Francisco offices.
Available Dates by appointment only:
Monday, March 25, 2019
Tuesday, March 26, 2019
Monday, April 1, 2019
Tuesday, April 2, 2019
Sample inspection dates and times will be assigned on a first-come-first-served basis, so please schedule your appointment soon. We kindly request at least 48 hours-notice before any appointment so we can confirm availability of a requested date and time slot.
IMPORTANT LEGAL NOTICE:
The information in this memorandum does not constitute the whole or any part of an offer or a contract, nor does it purport to contain all information that may be required or relevant to a recipient’s evaluation of any transaction. Recipients will be responsible for conducting their own investigations and analysis.
The information contained in this memorandum relating to the Company’s assets has been supplied by the Company. It has not been independently investigated or verified by Onyx, its agents or any other party.
Potential purchasers should not rely on any information contained in this memorandum or provided by the Company or Onyx (or their respective staff, agents, and attorneys) in connection herewith, whether transmitted orally or in writing as a statement, opinion, or representation of fact. Interested parties should satisfy themselves through independent investigations as they or their legal and financial advisors see fit.
The Company or Onyx and their respective officers, directors, staff, agents, and attorneys, (i) disclaim any and all implied warranties concerning the truth, accuracy, completeness and reasonableness of any information provided in connection herewith and (ii) do not accept liability for the information provided in connection herewith, including information contained in this memorandum, whether that liability arises by reasons of the Company or Onyx negligence or otherwise.
Any sale of the Company’s assets will be made on an “as-is, where-is,” and “with all faults” basis, without any warranties, representations, or guarantees, either express or implied, of any kind, nature, or type whatsoever from, or on behalf of the Company or Onyx. Without limiting the generality of the foregoing, the Company or Onyx and their respective officers, directors, staff, agents, and attorneys, hereby expressly disclaim any and all implied warranties concerning the condition of the Company’s assets and any portions thereof, including, but not limited to, environmental conditions, compliance with any government regulations or requirements, the implied warranties of habitability, merchantability, or fitness for a particular purpose.
Except as otherwise noted, this memorandum speaks as of the date hereof. The delivery of this memorandum should not and does not create any implication that there has been no change in the business and affairs of the Company since such date. Neither the Company nor Onyx, or their respective staff, officers, directors, agents and attorneys, undertakes any obligation to update any information contained herein.