Buxbaum Group - Press Releases - Liquidations, Appraisals, Turnaround Management, Business Advisory Consulting

BUXBAUM GROUP RELOCATES HEADQUARTERS AMID CONTINUED GROWTH
- Firm focused on liquidations, appraisals and distressed-investment advisory services to remain in Agoura Hills, Calif.

AGOURA HILLS, Calif. (7/28/10) – Buxbaum Group, a distressed-investment advisor and leading liquidator and appraiser of retail and wholesale inventories, has relocated its corporate headquarters to 28632 Roadside Dr., Suite 200, in Agoura Hills.

The new location is less than two miles away from Buxbaum Group’s previous headquarters on Canwood Street, but offers the fast-growing firm more space, said Paul Buxbaum, Chairman and CEO of the more than 30-year-old company. “Buxbaum Group’s advisory business continues to thrive,” he said. “Our jewelry affiliate, Buxbaum Jewelry Advisors, has seen particularly strong growth in recent months, with a number of new hires.”

Beyond that, with the increased space, the office will now be able to provide a greater variety of administrative functions for affiliate company Rio Garment S. de R.L., a manufacturer of knit tops, which now employs over 800 people at its plants in Honduras. “Our manufacturing business in Honduras has enjoyed exponential growth over the last few years with major retailers,” noted Scott Rusczyk, Vice President of Buxbaum Group and an officer of Rio Garment. “The new office will allow us to better manage that growth by offering a full range of back-office, sales support and financial accommodation services to both Rio Garment and Rio’s customers in the United States.”

The office also serves as the California base for Paul Buxbaum’s advisory activities, including his March 2009 appointment as CEO of Haggar Clothing Co., the venerable menswear manufacturer. Shuttling between Agoura Hills, Haggar’s headquarters in Dallas and sales office in New York, Buxbaum has been spearheading a revival of the company that has seen it return to its core roots in quality dress and casual slacks, and shorts. With new fits and fabrics, the brand has also successfully courted younger shoppers, contributing to double-digit sales growth.

Late last year, Haggar announced that it had entered into a licensing agreement with Gramicci, the progressive outdoor wear manufacturer known for its iconic designs. The agreement extended the Haggar platform into outdoor apparel, while providing the Agoura Hills-based Gramicci—a company in which Paul Buxbaum has an ownership stake—critical support in the areas of finance, production and marketing.

In addition to its California headquarters, Buxbaum Group maintains satellite offices in New York City and Des Moines, Iowa. The main telephone number in Agoura Hills remains the same: 818-878-3900.

About Buxbaum Group - Buxbaum Group has built its reputation for more than 30 years as one of the leading liquidators of consumer products and appraisers of retail and wholesale inventories across North America, as well as a prominent distressed-debt advisory services investing firm. It is based in Agoura Hills, Calif.

Press Contacts: Press Contacts: at Parness & Associates Public Relations, Bill Parness or Lisa Kreda, (732) 290-0121.

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