Gordmans Stores, Inc.

ABOUT THE CASE

Gordmans Stores, Inc.

SECTOR: Consumer Discretionary - Retail
CONFIRMED DATE: March 2017
ROLE: Financial Advisor to the Official Committee of Unsecured Creditors
Gordmans Stores, Inc. is a Midwestern value-priced department store offering apparel, accessories, and home décor at a discount to traditional department stores. Gordmans’ retail footprint includes 106 stores in 22 Midwest states. The company’s bankruptcy filing included a proposed stalking horse liquidation agreement. Province was hired by the official committee of unsecured creditors to assess restructuring alternatives to the liquidation, including the viability of a going concern enterprise through a sale process. In addition, Province was tasked with overseeing creditor interests during the liquidation sales of its remaining assets, investigating unencumbered assets and identifying supplemental avenues of value maximization.
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