Needham, Mass.-based Streambank has been selected as adviser on the sale of the brands of the bankrupt Corona, Calif.-based retailer.
For sale are multiple trademark registrations for the Anchor Blue brand and Miller’s Outpost. Also for sale are the anchorblue.com and millersoutpost.com domain names, as well as customer files, product designs and the Anchor Blue Facebook account.
The company is in the process of an orderly liquidation and has begun going-out-of-business sales at its 117 stores, the bulk of which are located in California. Anchor Blue Inc. and its parent, Anchor Blue Holding Corp., filed a Chapter 11 bankruptcy court petition in Delaware on Jan. 11. The company is a specialty retailer of casual apparel and accessories targeting the teen customer.
The company had filed for Chapter 11 bankruptcy court protection before and emerged as a restructured firm in August 2009.
The firm began in the mid-Seventies as Miller’s Outpost.
A request for a sale hearing has been set by the Delaware bankruptcy court for March 7.
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