Caiman rebuilds Tower, plans superstores

April 28, 2007 Online merchant Caiman Inc., which acquired the bankrupt Tower Records' logo, Tower.com and the company's intellectual property for $4.2 million in a March bankruptcy auction, has big plans for the brand. In fact, Pilon has turned to some experts to help revive the Tower brand, hiring former Tower purchasing executive George Scarlet as director of entertainment purchasing for the company and former Tower buyer Kevin Hawkins. The company, which buys mainly from one-stops and some independent distributors, hopes to convert to buying direct from all independent distributors and the majors and, where appropriate, the labels themselves, sources said.

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