![]() ![]() Peress said Jamie Salter, today Authentic Brands' CEO, was one of a handful of people pushing the model, along with William Sweedler, who today chairs Sequential Brands, and others. "The notion that retail and consumer brands have value separate and apart from the enterprise really started to take hold in the prior economic cycle, in the run-up to the Great Recession," said David Peress, executive vice president at Hilco Streambank, which specializes in IP sales and disposition. ![]() This isn't a new phenomenon, but it's not very old. Authentic Brands Group, Sequential Brands and a host of others have been actively buying up IPs for sale in a year which could hit record levels of retail bankruptcies. REV is hardly alone in hunting for bargains in the retail graveyard. That little-known firm, founded by digital marketing specialists, also acquired Modell's brand property this year out of bankruptcy for $3.6 million and last fall bought the Dressbarn IP from Ascena for an undisclosed amount. ![]() Pier 1's intellectual property and e-commerce site sold for $31 million this year to Retail Ecommerce Ventures. ![]()
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