By and  on February 1, 2012

The PPR-owned Avenue has run out of road — at least for now.

Armed with a stalking horse bid from Versa Capital Management, the plus-size retailer’s parent, United Retail Group Inc., on Wednesday filed a voluntary bankruptcy petition in U.S. Bankruptcy Court for the Southern District of New York. The petition listed liabilities of $67.3 million and assets of $117.2 million.

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