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BUSINESS
August 15, 1997 | Times Wire Services
Wet Seal Inc. said Monday that Rampage Retailing Inc. has accepted its offer to acquire 18 locations from Los Angeles-based Rampage, which is in Chapter 11 bankruptcy. The offer is subject to successful execution of a definitive agreement and approval by U.S. Bankruptcy Court. Financial details have not been disclosed. The stores are in several states, with most in major malls.
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BUSINESS
August 15, 1997 | Times Wire Services
Wet Seal Inc. said Monday that Rampage Retailing Inc. has accepted its offer to acquire 18 locations from Los Angeles-based Rampage, which is in Chapter 11 bankruptcy. The offer is subject to successful execution of a definitive agreement and approval by U.S. Bankruptcy Court. Financial details have not been disclosed. The stores are in several states, with most in major malls.
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BUSINESS
September 18, 1997
Young women's apparel retailer Wet Seal Inc. said its offer for Rampage Retailing Inc. was rejected in U.S. Bankruptcy Court. The Irvine firm said it was outbid by another company. . . . UC Irvine has named international business expert David H. Blake, 57, as the new dean of its Graduate School of Management. Blake, former dean of Southern Methodist University's business school, will start Oct. 1, replacing longtime Dean Dennis Aigner. . . . Shares of Costa Mesa-based Apria Healthcare Group Inc.
BUSINESS
July 29, 1997 | Greg Johnson
Wet Seal Inc. said it has offered to acquire 21 stores from Rampage Retailing Inc., a bankrupt apparel chain, for an undisclosed price. Rampage executives weren't available to comment on the proposal, but Irvine-based Wet Seal said the purchase must first be approved by Rampage, Wet Seal's board and the U.S. Bankruptcy Court judge overseeing the chain's operations. Wet Seal said that the stores have gross revenue of $50 million and are located in malls around the country.
BUSINESS
June 27, 1997 | DIANE SEO, SPECIAL TO THE TIMES
One of Southern California's largest fashion names is seeking bankruptcy protection after racking up almost $94 million in debt during an ambitious expansion drive. Rampage Clothing Co. and Rampage Retailing Inc., which have the same owner but are separate companies, filed for Chapter 11 protection last week.
BUSINESS
August 8, 1997 | PATRICE APODACA, TIMES STAFF WRITER
Shares of Wet Seal Inc., the nation's largest operator of mall-based stores catering to the bubble-gum set, plunged 29% Thursday after the company said earnings for its fiscal second quarter would fall short of estimates. The junior women's apparel retailer, which operates 368 Wet Seal and Contempo Casuals shops in 35 states, said it expects to report a profit of 25 cents a share for the three months ended Aug. 2, unchanged from a year earlier, on lower revenue.
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