Provided Fabergé with both an inventory valuation and a new finance line.
Founded in 1842, The House of Fabergé is a world renowned fine jewellery firm. In early 2017 Fabergé’s debt advisors approached Gordon Brothers to provide an inventory valuation. Every part of the business was examined and to get the full picture we spoke to buyers, stock controllers and the marketing team. With an industry-leading disposal division, Gordon Brothers has access to actual market-tested, real-time recovery values, allowing us to provide a more confident inventory appraisal. Having fully understood Fabergé’s inventory and other assets, Gordon Brothers bid for the finance at a time when volatility in Africa was narrowing the lending fields for mining-related businesses. In conjunction with Gordon Brothers Finance Company (GBFC), Gordon Brothers took over the Asset-Based Lending (ABL) line to Fabergé in full.