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Apr

06

Rue21 Said to Ready Bankruptcy Filing as Soon as This Month

By Tony Seruga

Company would be latest mall retailer to seek protection
Pennsylvania-based chain operates more than 1,000 stores

Rue21 Inc., a teen clothing chain backed by private equity firm Apax Partners, is preparing to file for bankruptcy, according to people familiar with the matter.

A filing could come as soon as this month, said the people, who asked not to be identified because the process isn’t public. As it negotiates with lenders, the company has a forbearance agreement in place that lasts through late April…

Rue21 Said to Ready Bankruptcy Filing as Soon as This Month

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