|
|
Article: Wet Seal is diving into retail merger.
- Article from:
- Orange County Register (Santa Ana, CA)
- Article date:
- January 27, 2006
CopyrightCOPYRIGHT 2006 The Orange County Register. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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:
|
|
Article: Wet Seal to Acquire Assets of G+G Retail Out of ...
Business Wire;
January 26, 2006 ;
700+ words
... ... RANCH, Calif. -- The Wet Seal, Inc. (Nasdaq: WTSLA ... under the names Rave, Rave Girl and G+G. The Company ... Ranch, California, The Wet Seal, Inc. is a leading ... Rico, including 309 Wet Seal stores and 93 Arden B ...
|
|