The US Bankruptcy Court gave an order approving the sale of substantially all the assets of William Rast Licensing, LLC on November 3, 2021. The debtor has been authorized to sell substantially all its assets to JJWHP, LLC, for a purchase price of $48.5 million and the assumption of assumed liabilities. The buyer is represented by Matt Barr and Gavin Westerman of Weil, Gotshal & Manges LLP as its legal advisors and the seller is represented by Joshua Brody, Lilit Voskanyan, Jason Zachary Goldstein of Gibson, Dunn & Crutcher LLP.