PUBLIC NOTICE OF ASSIGNEE’S SALE: AUCTION OF ASSETS OF CHICAGO WICKER & TRADING CO.

PUBLIC NOTICE OF ASSIGNEE’S SALE:

AUCTION OF ASSETS OF CHICAGO WICKER & TRADING CO.

Bid Deadline: August 14, 2024, at 5:00 pm Central Daylight Time

Chicago Wicker & Trading Co. dba NorthCape (”NorthCape”), an importer, wholesaler, and value-add manufacturer of outdoor furniture and accessories, has entered an Assignment for the Benefit of Creditors with Creative Planning Business Alliance, LLC (the “Assignee”). The Assignee is operating the business, primarily on-line and through a leased location in Romeoville, IL.  The assets will be sold at a public auction in a single lot consisting of, but not limited to, intellectual property (IP), accounts receivable, rights to payment, credits, prepayments, inventory and materials, and equipment.

Since its inception in 1999, the Company has developed from a wholesale distributor of imported outdoor furniture and accessories from China into more diversified product offerings. The Company serves over 300 active dealers with thousands of brick-and-mortar and E-commerce sites. High-quality products with the perfect balance of classic designs and current trends drive exceptional value for retailers and the end consumer.

Process Overview

1. Upon execution of a confidentiality and non-disclosure agreement, interested parties will be granted access to a virtual data room to review the available diligence materials.
2. The Assignee will provide a form asset purchase agreement to interested parties who have executed a non-disclosure agreement.
3. Qualified bids (including a deposit) must be received by the Assignee by 5 PM CDT, on August 14, 2024.
4. The auction will occur at 11 AM CDT, on August 16, 2024, virtually, at the offices of Levenfeld & Pearlstein, LLC located at 120 S. Riverside Plaza, Suite 1800, Chicago, IL 60606 or at another suitable location as determined by the Assignee.  Any party interested in attending via a video call may contact the Assignee for instructions.
5. The winning bidder must be prepared to close and fund the purchase no later than August 23, 2024.

The assets are being sold on “AS IS, WHERE IS” basis, without representations or warranties of any kind, and not subject to any contingencies.

For more information, please contact the Assignee:

CREATIVE PLANNING BUSINESS ALLIANCE, LLC

Tina Hughes at [email protected]; Phone (319) 206-7806; or

Anne Doherty at [email protected]; Phone: (319) 206-7810

Sale Advisor – SILVERMAN CONSULTING

Hassaan Mansoor at [email protected]; Phone: (312) 513-4950

Andrew Binder at [email protected]; Phone: (913) 526-7191

Legal Advisor: LEVENFELD PEARLSTEIN, LLC

Harold Israel at [email protected]; Phone: (312) 346-8380

Jack O’Connor at [email protected]; Phone: (312) 346-8380