Urban Brands To Sell Assets To Gordon Brothers

Law360, New York (October 27, 2010, 5:47 PM EDT) -- A bankruptcy judge on Wednesday approved the sale of Urban Brands Inc., which owns the Ashley Stewart brand of plus-size women’s clothing, to a Gordon Brothers Group affiliate that plans to keep a vast majority of the company’s retail stores in operation.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware signed off on the sale after an auction concluded Tuesday morning.

Mark Collins, an attorney for the debtors, said at the hearing that the crux of the deal was a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.