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News

July 25, 2007 FOCUS TAKEOVER GETS GREEN LIGHT
  Restructuring specialist Hilco will dispose of 52 underperforming Focus stores on behalf of the new owner.

July 11, 2007 ANDREW PEPPER JOINS HILCO AS CHIEF OPERATING OFFICER
  Hilco UK today announces that it has appointed Andrew Pepper as Chief Operating Officer of the company. Andrew was formerly a Partner at Kroll, the corporate recovery and financial restructuring firm.

June 19, 2007 HILCO APPOINTED TO IMPLEMENT RESTRUCTURING AT FOCUS DIY
  Hilco UK has been appointed to design and implement major elements of the proposed restructuring of Focus DIY following the acquisition of the retailer by Cerberus UK

May 22, 2007 OWEN OWEN APPOINTS HILCO
  David Thompson, who acquired OwenOwen from the Administrators has appointed Hilco UK, the retail restructuring specialist, to provide operational support to the new business which operates Lewis' of Liverpool, Robb's of Hexham and Joplings in Sunderland

March 27, 2007 HERTIE APPOINTS HILCO TO OPERATE STORE CLOSURE
  German department store operator, Hertie, has appointed Hilco Retail GmbH, the German subsidiary of Hilco UK to operate the closure of its largest department store.

March 1, 2007 HILCO APPOINTED TO OPERATE OWEN OWEN STORES
  Hilco, the retail restructuring specialist, has been appointed by Kroll, the Administrators of Owen Owen, to operate the four department stores at Liverpool, Sunderland, Aberdeen and Hexham whilst a buyer for the business is sought.

December 12, 2006 HILCO RETAIL INVESTMENTS ANNOUNCES THE ACQUISITION OF STATIONERY BOX
  Hilco, the retail restructuring specialist, has today acquired the Stationery Box chain of 140 stores for an undisclosed sum.

August 26, 2006 HILCO UK ACQUIRES 50% SHAREHOLDING IN HYPER VALUE (HOLDINGS) LIMITED
  Hilco, the UK's leading retail restructuring specialist, today announced the acquisition of a 50% shareholding in Hyper Value (Holdings) Limited, the mixed merchandise discounter based in Merthyr Tydfil.

May 3, 2006 HILCO TO FUND SETTLEMENT OFFER TO BUDGET DIY CREDITORS
  Hilco UK Ltd, the London-based retail restructuring firm, which acquired the Budget DIY chain in March this year, saving the company from iminent administration, today announced its intention to fund an informal settlement offer to creditors of the troubled business.

May 3, 2006 FIRM OFFERS TROUBLED DIY CHAIN SETTLEMENT
  Hilco UK, which now owns the chain, yesterday announced its intention to fund an informal settlement offer to creditors.

August 30, 2005 HILCO UK SELLS CIRO CITTERIO
  Hilco UK Limited today confirmed the sale of menswear retail business Ciro Citterio to Anar plc, a part of the Indorama Group of India, for an undisclosed sum.

August 30, 2005 HILCO UK ADD TO MANAGEMENT TEAM
  Hilco UK, the leading retail restructuring and financing firm, announces the appointment of Paul McGowan, previously the company’s Chief Operating Officer, to be its new Chief Executive and also the appointment of Marshall Lester, formerly CEO of Ozer International, the overseas arm of the US retail industry consultants, to be a Principal and member of the main board.

August 30, 2005 MOYGASHEL FURNISHINGS APPOINTS HILCO TO MANAGE CLOSURE
  Moygashel Furnishings, the Northern Ireland-based fabrics manufacturer and wholesaler, has appointed Hilco Wholesale to manage the closure of its fabrics business.

August 30, 2005 DEAL TO SAVE 400 JOBS AT BUDGET DIY
  Efforts were today under way to secure the jobs of 400 Budget DIY employees in stores across Northern Ireland.

March 29, 2005 HOW TO TRANSFORM BAD MONEY INTO GOOD
  Taking on debt can be far more lucrative than you would think.