Teen clothing retailer rue21 has filed for Chapter 11 bankruptcy protection from creditors.
The filing, made in Bankruptcy Court for the Western District of Pennsylvania in Pittsburgh, was announced May 15 by the privately held rue21, which is based in Warrendale, Pennsylvania. The retailer, which disclosed in April that it was closing 400 stores, has about 1,100 locations nationwide, many of them in shopping malls.
Debtwire had reported in early April that rue21 had entered a forebearance agreement…
Rue21 files for Chapter 11 bankruptcy reorganization syndicated post