April 6, 2018
Omni-channel teen retailer dELiA*s filed for bankruptcy Sunday following previous failed attempts to raise financing and/or sell the business.
The company has begun the process of closing all its retail stores and liquidating its assets.
While the company anticipates that some recovery will be available to some of its general, unsecured creditors, it does not expect holders of dELiA*s common and preferred equity will get any value from their holdings.
Read more about:Delia's
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