January 9, 2017
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Nasty Gal Inc. will continue to have an L.A. presence and its own label after the bankrupt company’s sale to British online retailer Boohoo.com was finalized Tuesday.
Bankrupt women’s clothier Nasty Gal has asked the U.S. Bankruptcy Court to allow it to end the leases on its two retail stores by the end of the month and liquidate all their furniture, fixtures, and equipment, according to court documents filed this week.
The $20 million sale of women’s clothier Nasty Gal Inc. to British e-tailer Boohoo.com was approved by the U.S. Bankruptcy Court for the Central District of California yesterday.
The U.S. Bankruptcy Court of the Central District of California approved a $20 million stalking horse bid by British e-commerce clothing company Boohoo.com to buy the intellectual property and customer databases of clothing company Nasty Gal on Jan. 6.