Perry Ellis International, Inc. (PERY) said Friday that it has completed the purchase of all intellectual property assets of Anchor Blue, Inc.
Perry Ellis made a successful $500,000 bid in a March 3 auction for the Anchor Blue and Miller's Outpost trademarks, and all other intellectual property holdings associated with Anchor Blue, Inc.
The intellectual property assets were purchased free and clear or any liens, claims or encumbrances.
The deal was approved by the bankruptcy court in the state of Delaware and closed Friday.
Anchor Blue, Inc. was a Corona, California based specialty retailer of casual apparel and accessories for the teenage market. As of December 31, the company operated 115 stores mainly located along the West Coast.
After a series of operational challenges and a difficult 2010 holiday season for the company, Anchor Blue liquidated all of its inventory, and on January 11, filed for bankruptcy protection under Chapter 11 with the bankruptcy court of Delaware.
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