Deals
Destination Maternity Shutdown Looms as Marquee’s Bid Wins
- The retailer cancels its scheduled bankruptcy auction
- Marquee had planned to keep the name but close the stores
Destination Maternity Madison Avenue flagship store in New York.
Photographer: Jason Kempin/Getty ImagesThis article is for subscribers only.
Destination Maternity Corp. canceled its bankruptcy auction and Marquee Brands LLC was declared the winner, making it likely that the chain’s stores will be shut down.
The cancellation was disclosed in a court filing Monday, signaling that no other qualified bids were received by last week’s deadline. Plans previously outlined call for Marquee to shutter the brick-and-mortar outlets but keep the brand alive online and possibly inside department stores.