RTW Retailwinds now sells ecommerce business to Saadia Group

RTW Retailwinds, Inc. has announced that after a bankruptcy auction on Friday August 28, 2020 it has entered into a new asset purchase agreement with Saadia Group, LLC, for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com and its rental subscription businesses at Nyandcompanycloset.com and Fashiontofigurecloset.com together with certain other assets for a cash purchase price of 40 million dollars.