Owner of Avenue Clothing to Get $25M Loan

February 3, 2012

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A Manhattan judge ruled that United Retail Group, owner of the plus-size women's clothing brand Avenue, may borrow $25 million on an interim basis in bankruptcy, according to Bloomberg. U.S. Bankruptcy Judge Stuart Bernstein said he was prepared to approve the loan subject to minor changes in the wording of the agreement.
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United Retail Group Files for Chapter 11 Bankruptcy Protection
February 1, 2012 From Reuters
United Retail Group, owner of the Avenue brand of women's fashion apparel and a subsidiary of Redcats USA, today announced that it's voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York and is pursuing a sale process under Section 363 of the Bankruptcy Code.

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“Blanchard is demanding. He won’t allow you to flip through this book, nod your head, and leave. If you’re in, you’re going to have to invest to get your rewards.”
--Chris Brogan, president of Human Business Works

“Social media isn’t inexpensive; it’s different expensive. The human effort required to do

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