The US Bankruptcy Court gave an order approving New rue21 Holdco, Inc.?s entry into an interim agency agreement on May 3, 2024. The debtor has been authorized to appoint Gordon Brothers Retail Partners, LLC. According to the approved agency agreement, In consideration of Consultant?s services hereunder, Merchant shall pay Consultant a fee equal to 2.0% of the Gross Proceeds of Merchandise sold at the Stores during the Sale Term.

The sale hearing is scheduled for May 24, 2024.