The fast-fashion e-commerce company made a $20 million bid for Nasty Gal’s intellectual property and customer database in December. Now that the date for additional bidders has passed, Boohoo is positioned to move forward with the transaction.
The matter is now in the hands of the U.S. Bankruptcy court, which will decide this week whether the acquisition can move forward. If the ruling goes their way, the sale could be wrapped up by the end of the month.
Read more at Sourcing Journal.