Article: Wet Seal is diving into retail merger.

Byline: Hang Nguyen

Jan. 27--Wet Seal Inc. of Foothill Ranch is offering to buy hundreds of shops from a bankrupt retailer in a proposed deal that would double Wet Seal's store count.

The company said it agreed to pay $15.2 million for the New York-based G+G Retail Inc. -- which filed for bankruptcy protection this week after disappointing 2005 holiday sales. The acquisition signals that Wet Seal is ready to expand again after years of financial turmoil.

Privately-held G+G sells pre-teen, teen and women's clothing at 566 stores in the U.S. under the names Rave, Rave Girl and G+G, including Rave stores at Westfield MainPlace in Santa Ana and ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!