Representative Matters
YM Inc. (Sales) Acquisition of Rue 21 Intellectual Property Assets
Represented Canadian retailer YM Inc. (Sales) in the acquisition of rue 21 intellectual property assets out of Chapter 11. YM Inc. (Sales) plans to open over 120 rue 21 stores in the coming months. Rue 21's financial circumstances required the transaction parties to start the process and close the sale within 30 days. The transaction required creative solutions around lease arrangements with affected landlords, reopening of stores, fixture retention, and staffing.