Bombay Company

Last updated
A Bombay Company store in Canada BombayRichmondHill.jpg
A Bombay Company store in Canada

The Bombay Company is an American furniture and home accessories retailer owned (since 2021) by an undisclosed LLC. At one time a chain of over 500 stores headquartered in Fort Worth, Texas, Bombay Company was relaunched in 2012 as an online store. After its owners arranged a new licensing deal, a second online re-launch was planned for the High Point Market in April 2018. [1] However, by March 2019, the online sales function of their website was still not active.

Contents

History

The Bombay Company was founded in 1978 by Brad Harper in New Orleans as a mail-order company and Canadian operations were allocated to his good friend Greg McGroarty. Harper later opened two retail stores in New Orleans. In 1980, Harper sold the U.S. operating rights and established overseas supply channels to the Fort Worth, Texas-based holding company Tandy Brands, Inc., which is publicly traded on NASDAQ.

In 1981, Tandy Brands purchased the Canadian rights from Robert Nourse, though Nourse continued to manage the Canadian operations. In 1983, Nourse moved to the United States and assumed responsibility for retail operations.

The Bombay Company filed for Chapter 11 bankruptcy protection on September 20, 2007. [2] The company was sold to Gordon Brothers and Hilco, two liquidation companies that sold off the remaining inventory. [3] As of January 21, 2008, all U.S. retail stores were liquidated and closed. In February 2008, Hilco, and Gordon Brothers purchased all intellectual capital of the Bombay Company, including the Bombay Company website, and created Bombay Brands, a company that will sell Bombay merchandise through other retail outfits. Some Bombay Original merchandise can be seen at Value City Furniture. In September 2010, approximately a dozen pieces of Bombay merchandise have also been made available for purchase in the U.S. through QVC and QVC.COM.

Bombay's Canadian operations were purchased by the B&C Group, which operates the Benix and Bowring retail banners in Canada. Bombay Canada is now owned by Fluid Brands Inc. Toronto based retail mogul Fred Benitah owner of Fluid Brands Inc. also owns Bowring Brothers, Canadian home decor retail chain.

In December 2009, William S. Hollands was named chief merchant overseeing the Bombay Company operating unit, which manages the U.S. licensing agreement with Bombay Brands LLC, during its re-emergence as a retail brand in the United States. [4]

In 2011, Bombay was purchased by Hermes-Otto International, a subsidiary of Otto. [5]

In November 2018, the Canadian operations of Bombay & Co., owned by Fluid Brands, Inc., were seeking creditor protection with more than $50 million in debt.

In 2021, Bombay Company was sold to an undisclosed recipient.

In 2024, the company brand remains visible in the public domain, Bombay is the registered trademark of GHP Group, LLC, a New York State company, located at 347 5th Avenue. Products are distributed by Senior Brands LLC, NY at the same address, and can be found in discount stores, such as Lidi, or on eBay.

Related Research Articles

Tandy Corporation was an American family-owned retailer based in Fort Worth, Texas that made leather goods, operated the RadioShack chain, and later built personal computers.

<span class="mw-page-title-main">Sears Canada</span> Canadian department store chain

Sears Canada Inc. was a publicly-traded Canadian company affiliated with the American-based Sears department store chain. In operation from September 18, 1952 until January 14, 2018, and headquartered in Toronto, Ontario, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and co-branded Simpsons-Sears stores modelled after those of Sears in the U.S. After the Hudson's Bay Company purchased Simpsons in 1978, the joint venture was dismantled and Hudson's Bay sold its shares in the joint venture to Sears; with Sears now fully owning the company, it was renamed Sears Canada Inc. in 1984. In 1999, Sears Canada acquired the remaining assets and locations of the historic Canadian chain Eaton's. From 2014, Sears Holdings owned a 10% share in the company. ESL Investments was the largest shareholder of Sears Canada. Sears Canada operated 125 full-line department stores at its' peak.

<span class="mw-page-title-main">RadioShack</span> American electronics store chain

RadioShack is an American electronics retailer that was established in 1921 as an amateur radio mail-order business. Its original parent company, Radio Shack Corporation, was purchased by Tandy Corporation in 1962, shifting its focus from radio equipment to hobbyist electronic components sold in retail stores. At its peak in 1999, Tandy operated over 8,000 RadioShack stores in the United States, Mexico, and Canada, and under the Tandy name in The Netherlands, Belgium, Germany, France, the United Kingdom, and Australia.

<span class="mw-page-title-main">HMV</span> Public entertainment retailing company

HMV is a British music and entertainment retailer, founded in 1921. The brand is owned by JD Sports and operated by Sunrise Records, except in Japan, where it is owned and operated by Lawson.

<span class="mw-page-title-main">Aéropostale (company)</span> American clothing retailer

Aéropostale Inc., is an American shopping mall–based retailer of casual apparel and accessories, principally aimed at young adults and teenagers. Aéropostale maintains control over its proprietary brands by designing, sourcing, marketing, and selling all of its own merchandise. The company sells via Aéropostale stores in the United States and through its e-commerce site.

The Source (Bell) Electronics Inc., doing business as The Source, was a Canadian consumer electronics and cell phone retail chain. The chain had been present for more than 50 years in Canada, initially as Radio Shack and later as The Source by Circuit City. The Source was owned by BCE Inc., which purchased the assets of InterTAN from its parent, American retailer Circuit City, in 2009. The chain was based in Barrie, Ontario.

InterTAN Canada Ltd. was created by Tandy Corporation in 1986 to operate Radio Shack stores in Canada, Europe and Australia. After the UK locations, which were branded 'Tandy', were sold to Carphone Warehouse in 1999 and the Australian locations to Woolworths Limited in 2001, the company's primary asset was the RadioShack franchise for Canada. InterTAN's relationship with RadioShack was terminated in 2005, after InterTAN became a wholly owned subsidiary of Circuit City on May 19, 2004.

Habitat is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.

<span class="mw-page-title-main">Bowring Brothers</span>

Bowring Brothers Ltd. was a Newfoundland-based operator of retail stores, that, after Newfoundland became part of Canada, expanded its operation and narrowed its focus to gifts and home decor throughout Canada.

Bonton Holdings Inc. operating as Bonton was an American department store chain and group founded in 1898. It operated in Western New York, Pennsylvania, and throughout the Midwestern United States. The former York, Pennsylvania-based company BonTon filed for bankruptcy in February 2018 and sold the name to CSC Generation, which sold it to BrandX.com in 2021, operating an e-commerce site under the brand name. Along with Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers, the names of most of the defunct retail group's department store chains are owned by BrandX.

<span class="mw-page-title-main">Spiegel (US retailer)</span> Former direct marketing retailer

Spiegel was an American direct marketing retailer founded in 1865 by Joseph Spiegel. Spiegel published a catalog, like its competitors Sears, Aldens, and Montgomery Ward, which advertised various brands of apparel, accessories, and footwear, as well as housewares, toys, tools, firearms, and electronics. Their company brands included Newport News, Shape FX, and Old Kraftsman, among others. They also operated brick-and-mortar stores.

<span class="mw-page-title-main">Crabtree & Evelyn</span> American retailer of body and home products

Crabtree & Evelyn was a retailer of body, fragrance and home care products. Beginning with one store in Cambridge, Massachusetts, in 1971, the brand grew to an international presence, with hundreds of locations globally.

<span class="mw-page-title-main">Hastings Entertainment</span> Defunct American retailer

Hastings Entertainment was an American retail chain that sold books, movies, music, and video games and functioned as a video rental shop. As of 2016 it had 126 superstores, which were mainly located in the South Central United States, Rocky Mountain States, and in parts of the Great Plains and Midwestern states. Hastings Entertainment stores were also located in many college towns in the U.S. Hastings Entertainment was headquartered in Amarillo, Texas.

<span class="mw-page-title-main">Hilco Capital</span> British company that specialises in restructuring and refinancing other companies

Hilco Capital is a British financial investment and restructuring advisory company, operating in the UK, Western Europe, Canada and Australia.

Linens 'n Things was a big-box retailer specializing in home textiles, housewares, and decorative home accessories. Based in Clifton, New Jersey, the chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. The company's business strategy was "to offer a broad selection of high quality, brand name home furnishings merchandise at exceptional everyday values, provide superior guest service, and maintain low operating costs."

Kaleidoscope is a catalogue and online based retailer specialising in women’s fashion and accessories, but also stocking homewear and electricals. Kaleidoscope is owned by Freemans Grattan Holdings, which is in turn owned by Otto GmbH – one of the largest retailers in the world with over 50,000 employees at 123 companies across more than 20 countries.

Golfsmith International Holdings Inc. was an American golf specialty retailer based in Austin, Texas. Each store, along with golfsmith.com, housed a wide selection of golf clubs, shoes, apparel, gadgets and gear from all the major brands as well as proprietary offerings. They also offered custom club fitting, lessons and services for golfers.

Hilco Global is a multinational financial services holding company. It operates over twenty businesses in five continents and specializes in asset valuation, advisory, monetization capital, and disposition services. Headquartered in Northbrook, Illinois, it has offices throughout the world and provides services to companies, their lenders and professional services advisers across a broad spectrum of business categories including retail, commercial, industrial and financial. Hilco Global delivers services focused on maximizing the value of under-performing and excess retail, consumer products and industrial inventory, real estate, intellectual property, including consumer brands, patents, and accounts receivable. Hilco Global is also considered one of the largest distressed investment and advisory companies in the world.

2428391 Ontario Inc. is a Canadian record store chain based in Hamilton, Ontario. Currently owned by Doug Putman, it currently operates in nine Canadian provinces. Originally operating with only 9 locations in Ontario, the chain announced a major expansion in February 2017, under which it purchased leases for 70 locations formerly occupied by HMV Canada. The chain runs approximately 85 locations across Canada.

References

  1. High Point News release Archived 2019-03-29 at the Wayback Machine . Accessed March 29, 2019
  2. "Bombay Company Chapter 11 Petition" (PDF). PacerMonitor. Retrieved 15 June 2016.
  3. RTTNews - Quick facts Articles, Positive EPS Surprises, News Analysis, Earnings, Audio News
  4. "The Bombay Company brand to re-emerge in the U.S. With William S. Hollands at the helm - 12/8/2009 7:35:00 PM - Home Accents Today". Archived from the original on 2009-12-14. Retrieved 2009-12-11.
  5. Hermes-Otto International USA acquires Bombay Brands In 2012, the U.S.-based division of the Bombay Company relaunched as an online store.