info@rosensystems.com | (972) 248-2266
CASE STUDY

Rapid Results: Rosen Systems Finalizes OKA Furniture Liquidation in Record Time

furniture showroom

Background

OKA, a British luxury home furnishings brand, had built a notable reputation for high-end home furnishings. However, financial difficulties caused by post-COVID challenges, the British cost-of-living crisis, and persistent U.S. losses led the company to exit the U.S. market. On June 11, 2024, OKA filed for Chapter 7 bankruptcy, which resulted in the closure of its U.S. operations, including retail stores in Houston, Dallas, and Westport, Connecticut, as well as its e-commerce platform.

Rosen Systems was retained to manage the liquidation of the stores’ assets. The goal was to maximize returns for creditors, citing priority liabilities ranging from $500K–$1 MIL, while adhering to bankruptcy guidelines within a tight timeline.

Challenge

OKA's abrupt closure of U.S. operations presented several challenges:

  • The need to liquidate assets across three locations ASAP.
  • Safeguarding the luxury brand’s reputation throughout the liquidation process. Managing the complexities of high-end inventory liquidation while ensuring compliance with bankruptcy proceedings.
  • Organizing auctions that would attract competitive bids and maximize asset value.

Approach

Aenean lacinia bibendum nulla sed consectetur. Donec sed odio dui. Cras justo odio, dapibus ac facilisis in, egestas eget quam. Vivamus sagittis lacus vel augue laoreet rutrum faucibus dolor auctor. Donec id elit non mi porta gravida at eget metus. Praesent commodo cursus magna, vel scelerisque nisl consectetur et. Fusce dapibus, tellus ac cursus commodo, tortor mauris condimentum nibh, ut fermentum massa justo sit amet risus.

Outcome

Rosen Systems successfully completes liquidation of all three U.S. stores, totaling $994,007.38 in auction proceeds.


Sign Up for Rosen Auction Alerts

Let us know what you're looking for and we'll send you alerts about auctions that may interest you.
Sign Up Now

Upcoming Auctions

2323 Langford St.
Dallas, TX 75208
Phone: (972) 248-2266
Fax: (972) 248-6887
info@rosensystems.com

©2025 Rosen Systems, Inc. | Website development by Face First Creative

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram