The US Bankruptcy Court gave an order approving the sale of substantially all the assets and store closing agency agreement of Cache, Inc. on March 6, 2015. The debtor has been authorized to sell substantially all its assets to SB Capital Group LLC and Tiger Capital Group, LLC, the staking horse bidders. The agent guarantees that Merchant shall receive sum of $18 million plus $0.43 million of breakup fee and cash reimbursement plus assumption of obligation of $2.13 million as guaranteed transaction consideration.

The debtor's assets include all merchandize located in Merchant's 153 remaining retail store locations, owned FF&E and intellectual property. Greate American Group WF, LLC is acting as agency agent to the sale. The sale shall not be consummated beyond May 31, 2015.