By  on September 12, 2017

Rue21 said it has received bankruptcy court approval of its reorganization plan, clearing the way for it to exit bankruptcy proceedings.

Melanie Cox, chief executive officer, said, “We are very pleased to have moved through the restructuring process in a relatively short period. With the support of our lenders, our landlords, all of our business partners and the hard work of our team, the company has performed consistently well ahead of its liquidity plan, and exceeded its second quarter target for adjusted EBITDA by over 200 percent.”

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