Article: Hilco Consumer Capital and Gordon Brothers Brands Announce Closing of Polaroid Sale and Appointment of New President.

Today marked the closing of the sale of substantially all assets of Polaroid, including the Polaroid brand, intellectual property, inventory and other assets, to a joint venture led by Gordon Brothers Brands, LLC ("GBB") and Hilco Consumer Capital, L.P. ("HCC"). The Federal Bankruptcy court for the district of Minnesota had earlier approved the sale on April 16, 2009.

Polaroid's new owners also announced that former Polaroid Executive Vice President & General Manager - Americas, Scott W. Hardy, has been named President of Polaroid. Hardy and the majority of existing, Minnesota-based Polaroid employees will remain with the company and its affiliates. The company ...

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