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PUBLIC NOTICE OF ASSET SALE: Online-Focused Footwear Retailer

Shoe Retailer with a Strong Online Presence – Asset Sale Including IP, Inventory, Virtual Storefronts and More!

Qualified Overbids Due by 5pm (PT) on July 22, 2022.

The assets of an online-focused footwear retailer are being offered for sale (the name of which will be provided upon execution of an NDA, hereafter “Shoe Retailer”). Prior to the Covid-19 Pandemic, Shoe Retailer had over $100 million in revenues and operated 70 retail store locations, supported by a 50,000 sq. ft. distribution center and corporate offices in Southern California. However, as a result of the pandemic, Shoe Retailer has repositioned itself primarily as an online footwear retailer, with $11 million in 2022 revenue, with the same distribution center and offices.  As a result of the disruption caused by the pandemic, Shoe Retailer has determined to liquidate through an orderly sale of its assets.

Onyx Asset Advisors, LLC (“ONYX”) has been retained to conduct a sale process.  A stalking horse offer has been received and ONYX is currently soliciting parties to overbid the stalking horse offer.  To the extent a qualified overbid is received, an auction will occur.  Upon ONYX’s receipt of an executed copy of the NDA (available at the below link), interested parties will be given access to a data room, which includes Shoe Retailer’s legal name, financial information, the stalking horse offer and bid procedures.

For the full sales memorandum and NDA form needed for data room access please visit: www.thinkONYX.com/sale/shoe-retailer/

About Onyx Asset Advisors, LLC:

Onyx Asset Advisors, LLC, with offices in San Francisco and Los Angeles, is a boutique asset advisory, monetization and disposition firm that specializes in creating multifaceted monetization strategies for its clients. Full company and sale details can be found on our website at www.thinkONYX.com.

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