Rue21 Files for Bankruptcy, to Close All Stores and Sell Intellectual Property
Rue21 Bankruptcy Announcement
In a filing last week with U.S. Bankruptcy Court in the District of Delaware, Rue21 has made a crucial decision to shutter all its physical stores. This move will mark the end of an era for the once-popular clothing retailer.
Going Out of Business Sales
Rue21 is set to host 'going out of business' sales across its stores in the coming two months, offering customers final opportunities to purchase their favorite items at discounted prices.
Sale of Intellectual Property
Alongside the store closures, Rue21 will also be selling its valuable intellectual property assets, signaling a major restructuring process for the company.
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