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

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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