LOS ANGELES, Feb. 6, 2017 /PRNewswire/ -- Nasty Gal, Inc. (the "Company") today announced it anticipates that BooHoo F I Ltd, an affiliate of boohoo.com plc, will become the new owner of the Company's trademarks and other intellectual property. The Company notified boohoo.com that it had prevailed in the bidding process governed by the U.S. Bankruptcy Court for the Central District of California. The sale is expected to receive final approval from the Court on February 8, 2017, with the transaction scheduled to close on February 28, 2017.
Nasty Gal CEO Sheree Waterson said, "I am enormously proud of the tremendous brand value we have built over the years at Nasty Gal, and deeply grateful for the enduring contributions made to the brand by so many of our passionate employees and vendor partners. I congratulate boohoo.com on their anticipated successful acquisition and am confident that Nasty Gal's strong legacy will complement their business."
While brand sales will continue under new ownership, the Company will initiate a wind down of its business operations over the next 60 to 90 days.
The Company is represented by Scott Gautier and Kevin Meek of Robins Kaplan LLP. Peter J. Solomon Company is serving as investment banker and financial advisor. Information regarding the Company's filing, including access to court documents, can be found at www.omnimgt.com/nastygal and www.cacb.uscourts.gov.
About Nasty Gal
Nasty Gal was founded in 2006 and is based in Los Angeles. Nasty Gal today is recognized as a pioneer in both the curation and design of women's clothing, shoes, and accessories. The Company has a global presence in 180 countries and a social media following of over 3.5 million. For more information, visit the website at www.nastygal.com.
"The voice and style of the social generation"
Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com and with up to 100 new pieces hitting the site every day and a new collection each week, boohoo.com never stops – it is 24/7 fashion at its best. From the UK's best kept fashion secret to one of the fastest growing international retailers, boohoo.com has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, boohoo.com has been pushing boundaries since 2006 to bring its customers all the latest looks for less.
SOURCE Nasty Gal