The conventional Jewelry close-out market is broken down in following components.
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Manufacturer’s overruns- Manufacturers have returns of unsold merchandise from retailers. Manufacturers need liquidity to suffice their day to day operation. Surya Capital LLC will acquire these returns at below wholesale prices and market them to various retailers.
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Bankruptcy assets- Surya Capital LLC will acquire inventory from various banks to offer liquidity. Commercial banks which are catering to the jewelry industry have many situations offering asset-based loans to manufacturers and commercial banks need to liquidate jewelry inventory.
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International opportunities are abundant for Surya Capital LLC. The management team of Surya Capital LLC has extensive international experience to suffice liquidity needs in the following markets such as Italy, Hong Kong, Bangkok and Bombay.
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To acquire bankruptcy assets of publicly traded company is a long-term plan for Surya Capital LLC to form an exit strategy.