** All Product Must Be Exported Outside of the U.S. **
Bulk Sales Offering – Inventory from Cruise Line Supplier
Acquired in the 363 Sale of Fairn & Swanson, Inc.
ONYX, with a strategic JV partner (one of the world’s largest duty-free & in-flight operators), acquired from a 363 Sale – all assets including over $37 million in wholesale cost inventory of wine & spirits, intellectual property, as well as the machinery & equipment of Fairn & Swanson, a bankrupt duty-free operator serving the cruise industry. The US Customs restriction of not being able to sell most of the inventory directly into the domestic market required alternative strategies with a focus on the international and duty-free markets. The initial phase of the project also included the closure of the company’s distribution warehouses located in Miami, Oakland, and Seattle.
PLEASE NOTE THE FOLLOWING TERMS AND CONDITIONS:
- All Sales are FOB Miami, FL
- All Sales are As-Is, Where-Is – with No Representations and/or Warranties
- All Sales Final
Case count and item availability subject to change – Highest and Best Offers Will Be Considered
For details or to submit an offer please contact:
K. Kevin Otus |Managing Partner | Onyx Asset Advisors, LLC
Email: kotus@thinkONYX.com | Web: www.thinkONYX.com