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Teen apparel retailer emerges from Chapter 11


Rue21 is looking towards the future.

The retailer announced Friday that it has completed its financial restructuring and has emerged from bankruptcy. The chain filed for Chapter 11 bankruptcy protection in May 2017, listing $307 million in pre-petition assets. It filed a month after it said it would close 400 stores.

"We are pleased to be moving forward with rue21's next chapter of growth as a highly performing and distinctive retailer," said Melanie Cox, CEO of rue21.

Rue21 currently operates 758 stores in 45 states in shopping malls, outlets and strip centers, and on its website.

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