It makes its headquarters in Wilmington, Del.
Richard Flynn, a Wilmington businessman, said he was hired a month ago as president of Tower.com Inc. The Web site is owned by a European investment group named Cumberland Corporate Services, he said.
Flynn wouldn't disclose Tower's sales numbers but said, "We're still doing pretty good, nowhere near where we're going to be in 12 months.
"My ultimate goal would be to get the same vibe Tower had," he added.
Flynn's appointment is a new twist in the saga of Tower.com, one of the few remaining pieces of the global retail music chain founded in Sacramento, Calif. Also surviving is a chain of Tower-brand music stores in Japan and other overseas markets.
In March 2007, four months after Tower went out of business, the Web site was auctioned for $4.2 million to an e-commerce music merchant called Caiman Holdings, according to documents in U.S. Bankruptcy Court.
A three-employee skeleton crew ran the Web site for a while from an office in West Sacramento. But the employees left and operations moved back East. Caiman's headquarters are in Montreal and Miami.
The story has some complications. Flynn said Caiman never owned Tower.com, despite the court records. Instead, he said, Caiman executives ran the business for the European firm.
Caiman's chief executive, Didier Pilon, recently told Billboard magazine that Tower.com changed owners; he wouldn't elaborate. Pilon's company has filed to liquidate assets in a Florida court proceeding, Billboard reported.
The voice mail greeting at Caiman's Montreal office mentions Caiman and Tower. When a reporter tried to reach Caiman officials, he was referred to Flynn, who said he's the sole employee of Tower.com.
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