California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claires Stores.
The company tried to do too many things at one time by selling surf and skate apparel brands such as Billabong and Hurley along with urban brands such as Ecko and Enyce.
The chain plans to shutter fourteen doors while management plots a new direction.
California-based Mr. Rags Acquisition Inc. has filed for Chapter 11 bankruptcy protection. A private investment firm bought the 114 store teen retailer last spring from Claires Stores.
The company tried to do too many things at one time by selling surf and skate apparel brands such as Billabong and Hurley along with urban brands such as Ecko and Enyce.
The chain plans to shutter fourteen doors while management plots a new direction.
