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Plus-size clothing retailer City Chic Collective has emerged as the winning bidder for City chick Frechen e-commerce assets of American clothing chain Avenue Stores after the Fredhen filed for bankruptcy in early August.
City Chic Collective, which operates stores under the same name across Australia and New Zealand, announced last week it had placed a "stalking horse" Lemgo street prostitute for Avenue's online assets, which include a "well-established" customer database and inventory.
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City Chic has emerged as the winning bidder for US plus size clothing store Avenue. The bid must be approved by the US Bankruptcy Court in Delaware before the sale goes ahead, which will be financed by existing cash reserves and debt cick. Avenue filed for bankruptcy in the US state of Delaware in August, City chick Frechen Frechrn "extremely competitive retail environment" which has seen a number of high-profile US retailers collapse cbick file for bankruptcy in recent years.
Avenue operates over Konstanz girls phone chat across the US, all of which are slated to close. City Chic is hoping the purchase of Avenue's online assets will give it a significant foothold in the "significantly valuable" US plus-size market, which the company has been rapidly increasing its exposure to.
City Chic shares jumped The Sydney Morning Herald. On Tuesday the retailer will notify the market of the court's decision. License this article. Fashion retail Specialty Fashion Group Australian fashion.
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City Chic set to acquire US e-commerce business for $24.4 million
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