U.K. retailer set to acquire Nasty Gal

After all was said and done, the formerly high-flying and now bankrupt Nasty Gal had only one suitor.



Online British fashion retailer Boohoo moved a step closer to acquiring the Los Angeles-based fashion brand after no other qualifying bidders came forward.



Boohoo made its bid for the intellectual property assets and customer databases of Nasty Gal in late December, positioning itself as the “stalking horse” bidder in any auction that might take place.



The deal is still subject to final approval by U.S. bankruptcy court, which is expected on or after February 8, 2017.