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Tag: outbids

Investment group outbids stalking horse to nab RTW Retailwinds for $40M

Dive Brief: The e-commerce business and intellectual property of RTW Retailwinds were sold at bankruptcy auction Friday to investment firm Saadia Group for $40 million plus assumption of certain liabilities, including honoring gift cards. To win the auction, Saadia Group doubled the price of a stalking horse purchase agreement offered by Sunrise Brands earlier this …

Investment group outbids stalking horse to nab RTW Retailwinds for $40MRead More