Delia's to sell its Alloy business to HRSH Acquisitions for $3.7M

theflyonthewall.com

dELiA*s announced the sale of its Alloy business to HRSH Acquisitions Alloy Apparel and Accessories. The Company received $3.7M in cash at the closing of the sale in exchange for certain assets relating to Alloy, and Alloy Apparel and Accessories assumed approximately $3.1M in liabilities. dELiA*s, Inc. and Alloy Apparel and Accessories also entered into a related agreement under which the Company will provide certain transitional services to Alloy Apparel and Accessories for up to one year.

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