Children’s wear retailer Ezrani 2 Corp., doing business as RUUM American Kid’s Wear, filed for bankruptcy protection seeking to liquidate its assets.
The New York-based retailer listed assets of $109,878 and debt of $65.7 million in Chapter 7 documents filed Thursday in U.S. Bankruptcy Court in Wilmington, Delaware.
Ezrani 2, founded by former Children’s Place Chief Executive Officer Ezra Dabah, in 2012 bought 77Kids, the younger label of American Eagle Outfitters, and changed its name to RUUM American Kid’s Wear. American Eagle recorded a $35 million loss as a result of the sale.
RUUM offers clothes and accessories for boys and girls from 2 to 14 years old. In 2014, the retailer had 25 stores in 11 states and offered online shopping.
The case is In re Ezrani 2 Corp., 15-11318, U.S. Bankruptcy Court, District of Delaware (Wilmington).