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Stein Mart’s Bankruptcy Suitor Wants to Pay $4 Million for IP

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Retail Ecommerce Ventures, specializing in distressed IP assets, has bid $4 million to become the lead bidder for bankrupt Stein Mart's IP.
CREDIT: mpi04/MediaPunch /IPX

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After filing a voluntary Chapter 11 petition in August, bankrupt Stein Mart has drawn a $4 million stalking-horse bid from Retail Ecommerce Ventures, the company that has restored some of recent memory’s most notable liquidations into online-only players. The bid by Stein Mart Online Inc., a wholly-owned subsidiary of Retail Ecommerce Ventures, is subject to…

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