Mirador Assets Bought by Bailey Street
June 14, 2007
DALLAS, Texas – After announcing liquidation several weeks ago, all the assets and properties of importer Mirador International Group, LLC and Mirador Group Inc. have been acquired by Bailey Street Holding Co., an accent and occasional furniture specialist.
Bailey Street officials have said that the deal gives the company the right to Mirador's designs, manufacturing and process drawings as well as its trademarks. Jim Berk, Bailey Street CEO, contacted Mirador when he heard about the company's imminent closing. The purchase price for the acquisition was not disclosed, but Berk said the demand for certain Mirador products justifies the purchase.
Until two years ago when it broke away as an independent operation, Bailey Street was part of retailer The Bombay Company. The company will introduce eight to 10 new Mirador pieces and 20 to 25 new Bailey Street pieces at the October High Point Market. Mirador founder Dan Wistefhuff will be joining the Bailey Street design team to design the Mirador pieces.
Bailey Street officials have said that the deal gives the company the right to Mirador's designs, manufacturing and process drawings as well as its trademarks. Jim Berk, Bailey Street CEO, contacted Mirador when he heard about the company's imminent closing. The purchase price for the acquisition was not disclosed, but Berk said the demand for certain Mirador products justifies the purchase.
Until two years ago when it broke away as an independent operation, Bailey Street was part of retailer The Bombay Company. The company will introduce eight to 10 new Mirador pieces and 20 to 25 new Bailey Street pieces at the October High Point Market. Mirador founder Dan Wistefhuff will be joining the Bailey Street design team to design the Mirador pieces.
