Rue21 Said to Hire Rothschild as Debt Sinks Deep in Distress

Rue21 Inc., a teen clothing retailer controlled by Apax Partners, hired Rothschild Inc. to help tame its nearly $1 billion debt-load, according to people with knowledge of the matter.

The advisory firm is to look at various options including working with Rue21’s senior lenders to give the chain some breathing room as it tries to turn around its business, said the people, who asked not to be named because the discussions are private.