High-end appliances, kitchen hardware, bathroom fixtures and
hundreds of other items go to auction in court-approved bankruptcy
sales on Aug. 5, 8, 13-14 and 15-16
LOS
ANGELES, Aug. 1, 2024 /PRNewswire/ -- Onyx
Asset Advisors (ONYX), CA Global Partners (CAGP) and
Tiger Group will hold four online auctions in August featuring
inventory from Southern
California's high-end PIRCH Appliances.
The retailer, which operated six locations, filed for Chapter 7
this past April in the U.S. Bankruptcy Court for the Southern
District of California (case no.
24-01376-CL7).
"This auction series represents an extraordinary opportunity for
builders, contractors, wholesalers and consumers to acquire
high-end, brand-new appliances at competitive prices," said
Peter Wyke, President of CA Global
Partners. "The quality and variety of items available are truly
remarkable. We are excited to conduct the sales with Onyx Asset
Advisors and Tiger Group to bring these premium assets to
market."
The first of the court-approved bankruptcy sales is a live,
online-only webcast auction that begins at 10 a.m. PDT (GMT-7) on Monday, August 5, at CAGP.com. The available
items in Sale No. 1 are housed in a secure facility in
Santa Fe Springs.
The sale partners will conduct a second one-day live,
online-only webcast auction on August
8th (Palm Desert), as
well as separate two-day events on August
13th-14th (Vista) and 15th-16th (Oceanside).
"Prestige-brand appliances, kitchen hardware and bathroom
fixtures worth more than $20 million
at cost—including showroom models and factory-sealed, new-in-box
inventory—are available in these sales," said Jonathan Holiday, Director of Business
Development, Tiger Commercial & Industrial.
"PIRCH earned a strong reputation for its broad selection of
luxury kitchen, bath, and outdoor products, all in multiple
finishes and styles," added K. Kevin Otus, Managing Partner, Onyx
Asset Advisors. "Name your top luxury appliance brands and they are
offered in this sale. The quality and selection of this offering
will generate tremendous interest and excitement."
Highlights of the four sales include:
- Appliances: ranges, pizza ovens, steam ovens, single-
and double-wall ovens, dishwashers, washers, dryers, cloth
steamers, laundry centers, wine coolers, refrigerators, freezers,
gas cooktops, induction cooktops, microwaves, flat-top grills, BBQ
smokers, hoods and outdoor cabinets.
- Bathroom fixtures, plumbing, and accessories: bathtubs,
sinks, toilets, faucets, bath fillers, pot fillers, vanities,
shower trays, shower heads, mirrors, lighted mirrors, mirrors with
built-in TVs, drawer pulls, lighting and cabinet hardware.
Dozens of brands are represented, including Viking, Samsung,
Whirlpool, Thermador, Bosch, American Standard, Delta, Lenovo,
Infinity Drains, Fairmont Designs, Electrolux, Moen, Zip Water,
Victoria & Albert, Hansgrohe, and many more.
In addition, the sales feature a large quantity of panels, trim
kits, doors, dampers, kick plates and handle, stacking and icemaker
kits. Pallet racking and jacks, hand trucks, hand and power tools,
office furniture, computers, monitors, inventory scanners,
stockroom shelving and stock carts also are available.
For inspection details, asset photos, descriptions, and other
information, visit any of the sale partner links below:
TIGER:
https://soldtiger.com/sales/pirch-appliances/
ONYX:
http://thinkonyx.com/sale/pirch/
CAG (HOST):
Sale No.
1:
https://www.cagp.com/auctions/sale-1-over-20m-of-new-appliance-and-bathroom-kitchen-inventory-to-be-sold-in-the-matter-of-pirch-inc/
Sale No.
2:
https://www.cagp.com/auctions/sale-2-over-20m-of-new-appliance-and-bathroom-kitchen-inventory-to-be-sold-in-the-matter-of-pirch-inc/
Sale No.
3
https://www.cagp.com/auctions/sale-3-over-20m-of-new-appliance-and-bathroom-kitchen-inventory-to-be-sold-in-the-matter-of-pirch-inc/
Sale No.
4
https://www.cagp.com/auctions/sale-4-over-26m-of-new-and-display-inventory-to-be-sold-in-the-matter-of-pirch-inc/
Media Contacts: At Tiger Group, Maria Hoang, (805) 497-4999,
381203@email4pr.com. At Jaffe Communications, Elisa Krantz, (908) 789-0700,
381203@email4pr.com.
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SOURCE Tiger Group