By  on March 3, 2017
Wet Seal holiday campaign

The brands division of global advisory firm Gordon Brothers has made its first major acquisition in the form of Wet Seal’s intellectual property assets.

Gordon Brothers, still best known for its asset disposition business, was the winning bidder in the bankrupt retailer’s court-approved auction on March 2. Its $3 million bid bested the $1.5 million stalking horse offer from Canadian retailer YM Inc. The transaction is still subject to approval of the Delaware bankruptcy court.

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