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.
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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