Wet Seal Buy Accepted
Wet Seal Inc. said Monday that Rampage Retailing Inc. has accepted its offer to acquire 18 locations from Los Angeles-based Rampage, which is in Chapter 11 bankruptcy.
The offer is subject to successful execution of a definitive agreement and approval by U.S. Bankruptcy Court. Financial details have not been disclosed.
The stores are in several states, with most in major malls. If the deal is completed, Wet Seal plans to operate the stores under the Rampage name and carry upscale junior merchandise.
Irvine-based Wet Seal, a retailer of moderately priced apparel for young women, operates 368 stores in 34 states and Puerto Rico.
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