Iconic Cosmetics Brand Reintroduced
Hilco Streambank (www.hilcostreambank.com), a unit of Hilco Global, successfully served as the buying agent in a transaction to acquire the intellectual property assets of the iconic luxury skin care brand Georgette Klinger on behalf of Abaki Holdings. The new owners announced a brand reintroduction on April 26, 2017 and plan to expand the business and leverage the brand equity and awareness.
Georgette Klinger started her spa business in 1941 with a salon on Madison Avenue in New York. Klinger took a medical approach to her beauty products and that has led the way to modern-day spas. The brand was purchased from a Klinger family entity that purchased the brand out of a chapter 11 liquidation in 2008. The new ownership team is headed up by Simon Abadi, a former executive at Mario Badescu Skin Care.
“We are excited about the Georgette Klinger relaunch. The skin care and beauty innovations that Georgette Klinger started in 1941 now have new life,” said Mr. Abadi. “Hilco Streambank was instrumental in sourcing this deal and getting it closed.”
About Hilco Streambank: Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Hilco Streambank has completed numerous sell-side transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through www.hilcodomains.com and www.IPv4Auctions.com, Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), a worldwide financial services company and leader in helping companies maximize the value of their assets.