Wet Seal
Filed two bankruptcies. Versa Capital acquired 173 stores for $17.5M after first bankruptcy but failed to revive. All stores closed.
- FOUNDED
- 1962
- ACQUIRED
- Versa Capital Management, 2015, $17.5 million
- IMPACTS
- 1 documented
Find a local alternative
Look for independent boutiques instead.
check if a business is PE-ownedexcludes Burlington Coat Factory (Canada), Charlotte Russe, Forever 21
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1962
Wet Seal founded
2015
Acquired by Versa Capital Management for $17.5 million
2017
Wet Seal filed two bankruptcies, closing all 575 stores
HighClosure / BankruptcyFiled 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 / After
MetricBefore PEAfter PEΔ
Store count
reported 2017
before 575 stores (peak)
after 0
-100%
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