, a specialty fashion retailer of apparel and accessories, has filed for Chapter 11 bankruptcy and will close all of its stores.
The company said in the bankruptcy filing it has between $100,000,001 - $500 million in estimated assets. But, it has $194.4 million in debt,Rock Lititz to open second live entertainment rehearsal and production campus Rue21 said that proposals to purchase its assets would not exceed the projected proceeds that would be realized by conducting the store closure sales.The closing sales are expected to take place over the next four to six weeks.
Closings Rue21 Bankruptcies
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