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Wet Seal gets $1.5 million stalking horse bid from Canadian retailer

Mar 01, 2017 - L.A. Biz

Teen retailer Wet Seal, which filed for bankruptcy in February and is closing all its stores, has received a $1.5 million stalking horse bid from Toronto-based retailer YM Inc.

YM has submitted an offer for Wet Seal's intellectual property in a stalking horse bid, which sets the minimum price for other possible offers, reported the Orange County Register.

The intellectual property includes social media profiles, brands, trademarks, domain names, an e-commerce platform and data for 5 ...