rue21
PE-Owned1 Documented ImpactApax's $1.1B acquisition led to three bankruptcies. From 1,200 stores at peak to liquidation.
Ownership Information
rue21 is owned by Apax Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
rue21 founded
Acquired by Apax Partners for $1.1 billion
rue21 filed three bankruptcies after Apax Partners' $1.1B acquisition
Apax Partners' acquisition left rue21 overleveraged. Three bankruptcies: 2017, 2020, and 2024. Went from 1,200 stores at peak to full liquidation.
Before vs. After PE Acquisition
Store count
Reported 2024
Before PE
1,200 stores (peak)
After PE
0 (liquidating)
↓ 100%
Community Reviews
Share your experience →Tracked Locations
CA (2)
Los Angeles
8859 Main St
Los Angeles, CA 90001
555-264-4266
Los Angeles
420 Main St
Los Angeles, CA 90001
555-654-8283
CO (1)
Denver
2914 Main St
Denver, CO 80201
555-884-9298
FL (3)
Orlando
6075 Main St
Orlando, FL 32801
555-362-6420
Orlando
7083 Main St
Orlando, FL 32801
555-288-9080
Tampa
1531 Main St
Tampa, FL 33601
555-479-8356
IN (1)
Indianapolis
5432 Main St
Indianapolis, IN 46201
555-746-8902
MA (1)
Boston
2197 Main St
Boston, MA 02101
555-466-8814
TX (2)
San Antonio
5089 Main St
San Antonio, TX 78201
555-783-3399
San Antonio
627 Main St
San Antonio, TX 78201
555-947-4002