Streambank looks to sell some KB Toys assets

(File photo: Tim Boyle/Getty Images North America)

Streambank, LLC, an intangible asset consulting firm based in Needham, said it has been retained to undertake the marketing and sales efforts for the intellectual asset portfolio of KB Toys Inc.

A toy retailer headquartered in Pittsfield, KB Toys filed voluntary chapter 11 bankruptcy petitions in December, Streambank noted. KB Toys has announced it would close all of its 460 remaining stores, and attempt to locate a buyer for its wholesale distribution unit, according to Streambank's press release.

"In addition to the storied KB Toys name, the intellectual property portfolio includes 14 other KB Toys-related trademarks, some of which are registered internationally, and a number of house brands developed by the company," Margaret Birlem, a partner at Streambank, said in a statement. "We anticipate significant interest in these assets."
(By Chris Reidy, Globe staff)