The United States Bankruptcy Court for the North District of Illinois approved the stalking horse bid of Spin Master Ltd. to acquire the e-commerce and wholesale business assets of Marbles: The Brain Store. The stalking horse offer is $2,500,000, and is subject to higher and better offers.
The Bid Deadline is set for Thursday, April 20. Hilco Streambank is managing the sale process and will be overseeing an auction to consider additional bids for the assets in Chicago on April 24. The auction date will be on Monday, April 24, and the Sale Hearing will be on Wednesday, April 26.
Marbles: The Brain Store is a developer, wholesaler and specialty retailer of games, toys, puzzles, books, and software designed to strengthen and stimulate the brain. Last year, the Company generated $28 million in revenue through its multi-channel distribution platform.