Destination Maternity has approved Marquee Brands as the leading “stalking horse” bidder of several remaining assets of its business. Under a proposed $50 million sale, Destination Maternity would shutter its remaining 235 stores, while Marquee Brands, a brand licensing firm, would acquire the retailer’s e-Commerce sites, intellectual property and its leased departments across third-party retailers. […]
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UPDATE: All Children's must also pay $50 million in punitive damages in Maya case
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