Photo

Photo detail

Stories this photo appears in:

Boston Buyer for Wet Seal IP

Gordon Brothers Brands LLC in Boston, a 114-year-old restructuring and investment firm, bought the Wet Seal name and other intellectual property for $3 million during a March 2 auction, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

Tease photo

Wet Seal Files for BK Again

Wet Seal LLC in Irvine filed for Chapter 11 bankruptcy protection Thursday, and is taking steps to liquidate its assets.

Tease photo

Retailer to Cut 148 Jobs

Irvine-based Wet Seal notified the state Employment Development Department that it plans to lay off 148 local workers by March 21. It listed a permanent closure as the reason.

Tease photo

Reports: Wet Seal Exploring Sale

Wet Seal LLC is exploring liquidation or a sale, according to news reports.

Tease photo

Holiday Pop-Ups for Wet Seal

Wet Seal LLC in Irvine plans to open 13 temporary stores during the upcoming holiday season.

Tease photo

Correction & Clarification: Thomas in Charge at Wet Seal

Chief Executive Ed Thomas remains in charge of The Wet Seal, LLC in Foothill Ranch, along with interim Chief Financial Officer Thomas Hillebrandt.

Tease photo

Wet Seal Sale Final

Mador Lending LLC completed the acquisition of Wet Seal Inc., the affiliate of Philadelphia-based Versa Capital Management LLC announced Wednesday.

Tease photo

Wet Seal Sold

Versa Capital Management LLC in Philadelphia has acquired the remnants of Foothill Ranch-based retail chain Wet Seal Inc., according to a report in the Wall Street Journal.

Tease photo

Wet Seal Files Chapter 11

Foothill Ranch-based retail chain Wet Seal Inc. filed for Chapter 11 bankruptcy on Thursday, and said it plans to continue to operate its recently pared-down business under the jurisdiction of the court.

Tease photo

Wet Seal Exploring Bankruptcy

Wet Seal Inc. has hired restructuring lawyers and may file for bankruptcy as early as next week, sources familiar with the matter told the Wall Street Journal.

Tease photo

Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its loan terms with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.

Tease photo

Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its contract with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.

Tease photo

Wet Seal Puts BK in Picture After Weak Q3

Shares of Wet Seal Inc. sank more than 65% to 9 cents and a market value of $8 million in midday trading, after the teen and contemporary retail chain said it might “seek a restructuring or other relief under the provisions of the U.S. Bankruptcy Code” if it can't address its immediate liquidity needs.

Tease photo

Wet Seal Taps L.A. Investment Bank, Tilly’s Vet

Wet Seal Inc. has hired Houlihan Lokey Capital in Los Angeles and former Tilly's Inc. executive William Langsdorf to “identify and analyze potential strategic and financial alternatives.”

Tease photo

Wet Seal Inc. Names Interim CFO

Wet Seal Inc. named Thomas Hillebrandt its interim chief financial officer.

Tease photo

Wet Seal Inc. Names Interim CFO

Wet Seal Inc. named Thomas Hillebrandt its interim chief financial officer.

Tease photo

Wet Seal to Cut Workforce

The Wet Seal Inc. said it’s “begun the initial steps” to reduce its overall cost structure.

Tease photo

Wet Seal CFO Steps Down

Steven Benrubi has resigned from his post as Wet Seal Inc.’s executive vice president and chief financial officer, the company announced in its regulatory filings Thursday

Tease photo

Wet Seal Shares Fall on Q2 Loss

Shares of the Wet Seal Inc. tumbled 11% to 60 cents and a market value of $51.2 million in after-hours trading on Wednesday after the teen and contemporary retail chain reported a bigger-than-expected second quarter loss.

Tease photo

Wet Seal Plunges on Q3 Outlook; Share Offerings

Trading in shares of Foothill Ranch-based Wet Seal Inc. was halted for several hours after the market opened today.

Tease photo

Bronstein Resigns From Wet Seal Board

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. said Monday that Kathy Bronstein has resigned and that it has eliminated two seats from its board.

Tease photo

Bronstein Resigns From Wet Seal Board

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. said Monday that Kathy Bronstein has resigned and that it has eliminated two seats from its board.

Tease photo

Wet Seal Turns to $27M Private Placement for E-commerce, Plus-Size Growth

Foothill Ranch-based Wet Seal Inc. said it is looking to raise as much as $27 million in a private placement that would help it grow its e-commerce and plus-size businesses.

Tease photo

Wet Seal Director Resigns

Teen and contemporary retailer Wet Seal Inc. announced the resignation of board member Mindy Meads, who has been named chief executive of Calypso St. Barth, a Long Island City, New York-based chain that sells resort clothing and accessories.

Tease photo

Wet Seal Director Resigns

Teen and contemporary retailer Wet Seal Inc. announced the resignation of board member Mindy Meads, who has been named chief executive of Calypso St. Barth, a Long Island City, New York-based chain that sells resort clothing and accessories.

Tease photo

Slower Mall Traffic Dims Wet Seal Q3 Outlook

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. lowered its guidance for the current quarter as retailers ramp up promotions going into the holiday selling season to boost slower sales.

Tease photo