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Robert Talbott

Crossroads Financing, as lender to RT Brands, retained Hilco Streambank to conduct a sale of its collateral, including the Robert Talbott menswear brand owned by RT Brands, pursuant to Article 9 of the Uniform Commercial Code.  The offering included the Robert Talbott brand and certain other assets.  Hilco Streambank contacted more than 250 potential buyers as part of the marketing process, which culminated in an auction for the assets.  The auction yielded a number of bids, and at the conclusion of the auction, the lender designated a successful bidder for the brand and certain other assets.  We assisted the lender in closing a transaction with the purchaser in April, 2021.  Deal terms have not been disclosed.