Retailwinds, Inc. filed a notice for the selection of Successful Bidder in the US Bankruptcy Court for the sale of certain assets on August 28, 2020. As a result of the auction conducted on August 28, 2020, Saadia Group LLC has been selected as the winning bidder for the sale of debtor’s certain assets. The debtor’s assets include all of sellers’ right, title and interest, free and clear of all Liens (other than permitted liens and permitted post-closing liens), and the properties, rights, interests and tangible and intangible assets of sellers used in, held for use in, or relating to the e-commerce business. The asset purchase agreement was signed on August 3, 2020.