Bulk Sale Offering of Assets Acquired in the 363 Sale of Farin Swanson - Closed Dec 2021

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.

Completed

TIME

Bids Due by 2pm (PT) June 11, 2021

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By Appointment Only

DATE

December 17, 2021

LOCATION

Miami, Oakland, Seattle

** 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