Article: Polaroid Acquired by Hilco Consumer Capital, L.P. and Gordon Brothers Brands, LLC.

Multi-channel Global Licensing Strategy Planned to Expand 72-year-old Brand

MINNETONKA, Minn., April 16 /PRNewswire/ -- A joint venture led by Gordon Brothers Brands, LLC ("GBB") and Hilco Consumer Capital, L.P. ("HCC"), which includes private equity fund Knight's Bridge Capital Partners and other institutional investors, announced today the Federal Bankruptcy court for the district of Minnesota approved its acquisition of substantially all the assets of Polaroid(R), including the Polaroid brand, intellectual property, inventory and other assets. Jeffrey Hecktman, Chairman and CEO of The Hilco Organization, and Michael Frieze, CEO of Gordon Brothers Group, are ...

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