Inactive Instrument

RTW Retailwinds, Inc.

Equities

RTWIQ

US74980D1000

Bidding Procedure Approved for RTW Retailwinds, Inc.

August 08, 2020 at 12:00 am EDT

The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of RTW Retailwinds, Inc. on August 8, 2020. The debtor’s assets include E-commerce business assets and other operating assets. To qualify as a qualified bidder, interested parties should submit their bids by August 26, 2020. If the debtor receives any qualified bids then it would hold an auction for its assets on August 28, 2020. At the auction, the subsequent bids would be in increments of $0.25 million. The good faith deposit is 10% of the purchase price. The stalking horse bidder would be entitled to a break-up fee of 3% of the proposed Purchase Price. The sale hearing is scheduled for September 3, 2020.

Latest news about RTW Retailwinds, Inc.

RTW Retailwinds, Inc. Went Out of Business	20-12-30	CI
Joint Liquidation Plan Approved for RTW Retailwinds, Inc.	20-12-10	CI
Motion for Asset Sale Approved for RTW Retailwinds, Inc.	20-11-15	CI
First Motion for Exclusivity Period Extension Approved For RTW Retailwinds, Inc.	20-10-29	CI
Disclosure Statement Approved for RTW Retailwinds, Inc.	20-10-29	CI
Motion for Asset Sale Filed by RTW Retailwinds, Inc.	20-10-07	CI
First Motion for Exclusivity Period Extension Filed by RTW Retailwinds, Inc.	20-10-06	CI
Saadia Group, LLC completed the acquisition of E-Commerce business from a group of sellers.	20-09-30	CI
Joint Liquidation Plan and Disclosure Statement Filed by RTW Retailwinds, Inc.	20-09-30	CI
DIP Financing Approved for RTW Retailwinds, Inc.	20-09-15	CI
Motion for Asset Sale Approved for RTW Retailwinds, Inc.	20-09-04	CI
Consumer Cos Flat As California Covid Case Growth Slows -- Consumer Roundup	20-08-31	DJ
Saadia Group, LLC entered into an asset purchase agreement to acquire E-Commerce business from a group of sellers for $40 million.	20-08-30	CI
Notice of Selection of Successful Bidder Filed by RTW Retailwinds, Inc.	20-08-28	CI
Sunrise Brands, LLC cancelled the acquisition of E-Commerce business of RTW Retailwinds, Inc. (OTCPK:RTWI.Q), Lerner New York Holding, Inc., Lernco, Inc., Lerner New York, Inc., Lerner New York GC, LLC, Lerner New York Outlet, Inc., New York & Company Stores, Inc, FTF GC, LLC, Lerner New York FTF, LLC, Fashion to Figure, LLC and FTF IP Company, Inc.	20-08-27	CI
Motion For Asset Sale Approved on Final Basis - Store Closing Sales for RTW Retailwinds, Inc.	20-08-08	CI
Bidding Procedure Approved for RTW Retailwinds, Inc.	20-08-08	CI
Consumer Cos Up On Hopes That Coronavirus Spread Is Slowing -- Consumer Roundup	20-08-04	DJ
Stalking Horse Agreement Filed by RTW Retailwinds, Inc.	20-08-03	CI
Sunrise Brands, LLC entered into an asset purchase agreement to acquire E-Commerce business of RTW Retailwinds, Inc. (OTCPK:RTWI.Q), Lerner New York Holding, Inc., Lernco, Inc., Lerner New York, Inc., Lerner New York GC, LLC, Lerner New York Outlet, Inc., New York & Company Stores, Inc, FTF GC, LLC, Lerner New York FTF, LLC, Fashion to Figure, LLC and FTF IP Company, Inc. for $20 million.	20-08-02	CI
RTW Retailwinds Reportedly To Sell Its E-Commerce Business	20-07-22	CI
Motion for Asset Sale Filed by RTW Retailwinds, Inc.	20-07-17	CI
Motion For Asset Sale Approved on Interim Basis - Store Closing Sales for RTW Retailwinds, Inc.	20-07-15	CI
Motion for Joint Administration Approved for RTW Retailwinds, Inc.	20-07-15	CI
RTW Retailwinds, Inc. Filed for Bankruptcy	20-07-13	CI

Chart RTW Retailwinds, Inc.

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Company Profile

RTW Retailwinds Inc. is a specialty women's omni-channel retailer. The Company operates approximately 387 retail and outlet in over 33 states. The Company's portfolio includes branded merchandise from New York & Company, Fashion to Figure, and collaborations with Eva Mendes, Gabrielle Union and Kate Hudson. The Company's branded merchandise is sold exclusively at its retail locations and online at www.nyandcompany.com, www.nyandcompanycloset.com, www.fashiontofigure.com, and www.happyxnature.com. The Company offers a merchandise assortment consisting of wear-to-work, casual apparel and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, t-shirts, activewear, handbags, jewelry and shoes. The Company's stores are concentrated in medium to large population centers of the United States and are located in shopping malls, lifestyle centers, outlet centers, and off-mall locations, including urban street locations.

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