CHEHEBAR BID FOR DOTS IP: Rainbow Southeast Leasing Inc., an entity whose chief executive officer is Joseph Chehebar, is the stalking horse for the Dots intellectual property assets.

Newark bankruptcy court records indicate that the stalking horse bid for the assets is $250,000, and is subject to better offers in a court-approved auction scheduled for May 9.

Chehebar, who acquired 30 Dots leases in April, is a fashion executive whose family is known for its operation of the Rainbow Apparel retail stores, as well as the Marianne nameplate.

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