Wet Seal
PE-Owned1 Documented ImpactFiled two bankruptcies. Versa Capital acquired 173 stores for $17.5M after first bankruptcy but failed to revive. All stores closed.
Ownership Information
Wet Seal is owned by Versa Capital Management. 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
Wet Seal founded
Acquired by Versa Capital Management for $17.5 million
Wet Seal filed two bankruptcies, closing all 575 stores
Filed first bankruptcy in 2015 closing 338 stores. Versa Capital acquired remaining 173 stores for $17.5M but could not revive the brand. Second bankruptcy in 2017 closed all remaining locations.
Before vs. After PE Acquisition
Store count
Reported 2017
Before PE
575 stores (peak)
After PE
0
↓ 100%
Tracked Locations
CO (2)
Denver
9136 Main St
Denver, CO 80201
555-433-7377
Denver
7285 Main St
Denver, CO 80201
555-579-8209
FL (2)
Orlando
8510 Main St
Orlando, FL 32801
555-475-5742
Tampa
103 Main St
Tampa, FL 33601
555-999-6385
IN (1)
Indianapolis
7210 Main St
Indianapolis, IN 46201
555-323-1701
MA (1)
Boston
1068 Main St
Boston, MA 02101
555-947-3444
OH (1)
Cleveland
8373 Main St
Cleveland, OH 44101
555-519-2567
OR (2)
Portland
5807 Main St
Portland, OR 97201
555-262-4807
Portland
7605 Main St
Portland, OR 97201
555-603-3802
TX (1)
San Antonio
1779 Main St
San Antonio, TX 78201
555-163-1983