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%
Community Reviews
Share your experience →Tracked Locations
AZ (1)
Phoenix
6560 Main St
Phoenix, AZ 85001
555-104-7011
IL (1)
Chicago
5375 Main St
Chicago, IL 60601
555-641-3310
PA (1)
Pittsburgh
9362 Main St
Pittsburgh, PA 15201
555-193-4937
TX (1)
Austin
3607 Main St
Austin, TX 73301
555-607-5117