Tuesday, December 3, 2019

Destination Maternity approves stalking horse bid; would close all remaining stores

Chain Store Age
A brand acquisition and licensing firm has made an offer to buy the brand name, online business and other intellectual assets of Destination Maternity for approximately $50 million.

The agreement provides for the buyer to sell or otherwise designate the disposition of inventory, fixtures and equipment and the designated assets through store closing sales at Destination Maternity’s 235 stores where closing sales are not already in process, and will oversee the wind down of Destination Maternity’s leased stores.. . . more