In a high-profile auction run by Hilco, the intellectual property and related assets of Olympia Sports, an apparel, footwear, SGB, sports/fitness company, were recently sold for $180,000 to a dynamic entrepreneur and business leader, Albert Fouerti.
The sale included the trademarks for Olympia Sports, Clever Training, and Surf Outfitter, as well as customer data for 640,000 customers, owned image library, and marketplace accounts. In addition, the sale included several domain names, such as OlympiaSports.net, CleverTraining.com, SurfOutfitter.com, BrooklynHalf.com, RunColorado.com, and ClothesBuy.com.
Albert Fouerti, who represented the buyer at the auction, is a Brooklyn-based entrepreneur with extensive experience in the appliance business. He was the CEO of Appliances Connection / Polished, headquartered in Brooklyn, NY. With his deep knowledge of the business world and a proven track record of success, Fouerti is well-positioned to make the most of the valuable assets acquired at the auction.
Fouerti’s strategic acquisition of Olympia Sports’ intellectual property and related assets represents a significant opportunity to leverage the company’s valuable assets in the sports and fitness industry. With the assets under his ownership, Fouerti and his team are set to create a successful venture that capitalizes on the current market trends in the industry.
The sale generated significant interest, and other bidders at the auction included Scheels Sports, according to court documents. However, it was Fouerti who emerged as the successful bidder, demonstrating his confidence in the potential of the acquired assets.
Overall, the sale of Olympia Sports’ intellectual property and related assets represents a new beginning for this well-known company. With Albert Fouerti at the helm, the future is bright for this new venture, and we look forward to seeing the exciting developments that will emerge in the coming months and years
