Headlines

Stein Mart Entertains Bid for IP

Deal reportedly worth $4 million for brand’s intellectual property

Published

4 years ago

November 4, 2020

VMSD Staff

Discount retailer Stein Mart (Jacksonville, Fla.), which filed for bankruptcy in August, has a $4 million bid for its intellectual property, reports Retail Dive. The bidder is a Delaware corporation formed in August called “Stein Mart Online, Inc.” and led by Retail Ecommerce Ventures (REV) co-founder Alex Mehr.

The bid would include the acquisition of the retailer’s domain names, trademarks, customer and vendor information, marketing emails, social media accounts and other assets.

Earlier this year, Mehr-led REV purchased the intellectual property for Pier 1 and Modell’s, both of which also declared bankruptcy.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design