Marquee Brands Bids $50 Million for Destination Maternity

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…

https://www.wsj.com/articles/marquee-brands-bids-50-million-for-destination-maternity-11575162289?mod=pls_whats_news_us_business_f

SHARE
Staff Writer
The above article is by a guest contributor, or shared from another news outlet.