Signature Styles (Spiegel, Newport News & Shape Fx Brands) Receives No Competing Bids, Will Seek Sale to Patriarch Partners Affiliate; Generates More Losses in July

Signature Styles, LLC – the company which operates the Spiegel, Newport News and Shape Fx brands – filed a notice with the Delaware bankruptcy court this afternoon announcing that it did not receive any qualified competing bids to acquire the company's assets. Pursuant to the bankruptcy court's July 13th bidding procedures order, the deadline for parties to submit competing bids was August 25th.

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