Marquee Brands Bids $50 Million for Destination Maternity - USA DAILY NEWS

Marquee Brands Bids $50 Million for Destination Maternity

news image

Bankrupt retailer Destination Maternity Corp. will shut down its remaining 235 retail stores under a deal that would see a licensing firm buy the company’s brand name and other assets for $50 million.

A licensing platform backed by Neuberger Berman Group LLC has agreed to acquire the e-commerce business, brand name and intellectual property of bankrupt retailer, according to a filing in U.S. Bankruptcy Court in Wilmington, Del.

New…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *