Wet Seal Files for Bankruptcy Protection

UPDATE, JAN. 16, 1:32 P.M.: Foothill Ranch-based Wet Seal Inc. announced today it has filed for Chapter 11 bankruptcy protection but will continue business operations under the jurisdiction of the U.S. Bankruptcy Court. The specialty retailer released a statement saying it worked out a financing arrangement with B. Riley Financial Inc. to fund continued company …

Wet Seal Files for Bankruptcy Protection

UPDATE, JAN. 16, 1:32 P.M.: Foothill Ranch-based Wet Seal Inc. announced today it has filed for Chapter 11 bankruptcy protection but will continue business operations under the jurisdiction of the U.S. Bankruptcy Court. The specialty retailer released a statement saying it worked out a financing arrangement with B. Riley Financial Inc. to fund continued company …