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News ArticleERIC KAUP NAMED INTERIM CEO OF HILCO CONSUMER CAPITAL
 Toronto-based Hilco Consumer Capital (HCC), the leading private equity firm with an exclusive focus on investing globally in consumer product brands and related assets, announced that Eric Kaup, currently its general counsel, has been named as the interim CEO following the resignation of James Salter. Mr. Salter's resignation was by mutual agreement. Mr. Kaup will continue to serve as general counsel and executive vice president of Hilco Trading, LLC, HCC’s parent company. Hilco Consumer Capital is a separate operating unit from Hilco's other private equity business, Hilco Equity Partners, based in Chicago. Hilco Consumer Capital was founded in December, 2006. The company invests in consumer product brands and builds additional incremental value through innovative brand licensing, product development, marketing and merchandising strategies. Investments include Polaroid®, Sharper Image®, Bombay Co. ®, Ellen Tracy®, Linens ‘N’ Things®, Tommy Armour Golf® and Halston®. HCC also is the exclusive advisor on licensing matters to House of Marley. Jeffrey B. Hecktman, chairman and chief executive officer of Hilco Trading, LLC, said, “Eric Kaup has been a core member of HCC’s leadership team since its inception. We have complete confidence in his ability to manage the enterprise, provide leadership and guidance in future investments, and continue to drive growth.” Eric Kaup stated, “We will continue to manage the brands within our existing portfolio, which will remain intact. We are fortunate to have management and operations teams in Toronto that are the best in the business. They and I will continue our work to build upon the themes that have made HCC so successful over the last three years.” Mr. Kaup added, “Hilco remains fully committed to investing in iconic brands and the companies behind them as evidenced by three recent acquisitions – Denby Pottery, Habitat and Allied Carpets – by our team in the United Kingdom. The portfolio continues to grow and perform very well, which speaks to our unique investing strategy and operational expertise." [ Go back < ] |