SimplexDiam Acquires $25M in Inventory

SimplexDiam, Inc. said it has acquired more than $25 million at retail in the month of January, $15 million of which was from Whitehall’s bankruptcy sale.

After winning Friedman’s residual inventory, Simplex has purchased closeout and liquidation inventory at other major retailers.

“We’re entering a period in which liquidating inventory is essential. We help companies and banks monetize their inventory with the utmost discretion,” said Yogesh Madhvani, Simplex chairman and chief executive officer. “This gives us a unique advantage. Unless it’s public record, we simply do not name names.”

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