Streambank is coming to Richmond again to sell off the intellectual properties of a defunct retailer.
The Massachusetts-based advisory firm helped Circuit City sell its intellectual property (trademarks, customers data, etc.) and will sell those same assets for S&K Menswear, which filed for bankruptcy protection in February.
The deadline for bids is Nov. 6.
Perhaps most valuable will be the company’s database of more than 2.5 million customers, which likely includes email lists. (If that’s an accurate number, it means roughly 0.8 percent of the U.S. population shopped at S&K at one point.)
Streambank said in a news release that it has found one buyer, the Buxbaum Group, which could pay $165,000 for the entire lot, which also includes house brands and the name S&K Menswear. That would be less than 10 cents per contact.
At its peak, S&K operated more than 230 stores in 27 states. The company was slowly losing market share when the recession hit, and then it had trouble getting financing to buy enough product for the stores.
The company’s former headquarters in Short Pump is still for sale.
