IMAX Worldwide Home Furnishing - Complete Company Closure - All Company Assets Acquired by ONYX through an Assignment for Benefit of Creditors.
GLOBAL SALE OFFERNG - Out-Right Purchase of all IMAX Assets consisting of: Inventory, Machinery & Equipment, Receivables, Intellectual Property and More. Acquired in an Assignment for Benefit of Creditors by ONYX. Sale Completed: Feb 2022.
Completed
DATE
January 31, 2022
LOCATION
CA, GA, NV, OK, NC, TX and Canada,
IMAX Worldwide, Inc. – Home Furnishings and Decorum
Complete Company Closure
ONYX, along with a venture partner, executed an outright purchase of IMAX Worldwide’ s Inventory ($18+ million wholesale cost), Machinery & Equipment, Accounts Receivable, Intellectual Property and more, in conjunction with the company’s Assignment for the Benefit of Creditors. IMAX Worldwide Home was a home accessory importer and wholesaler of a variety of product categories from accent furniture to wall décor, lighting and other accessories. Headquartered in Tulsa, Oklahoma, the company also operated a 500,000 square foot distribution center in Ontario, CA, as well as showrooms in Georgia, Nevada, North Carolina, Texas and Canada. Upon acquisition, ONYX executed a multifaceted asset sale strategy in such a manor as to protect brand erosion and maintain retail confidence and value in the company’s products and name.
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