Current Ownership
After Goody's underwent Chapter 11 bankruptcy in 2008 and then liquidated and closed all of its stores under a Chapter 7 bankruptcy filing in 2009, the Duck Head brand was put up for sale by Streambank LLC. Streambank sold the brand at auction in 2009, for a reported price of $2.65 million. It was purchased by a business group headed by Virginia retailer Ross Sternheimer, who outbid Perry Ellis International. The acquiring business established Duck Head USA, based in Richmond, Virginia, and announced plans to expand the Duck Head brand into a full line of men's, women's and children's apparel and accessories to be sold through various retailers.
Famous quotes containing the words current and/or ownership:
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