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Teen Clothing Retailer Delia’s Files for Bankruptcy

Delia’s Inc., the struggling clothing chain that caters to teenage girls, filed for Chapter 11 bankruptcy protection and will liquidate all merchandise after failing to find a buyer.

The company listed assets of $74 million and debt of $32.2 million in court papers filed in White Plains, New York. The New York-based chain, said Dec. 5 that it had entered into an agreement with Hilco Merchant Resources and Gordon Brothers Retail Partners to dispose of assets, including furnishings, trade fixtures and equipment.