Lone Star Baby And Kids Acquires USA Baby
Nearly one year ago USA Baby, Inc. was forced into an Involuntary Bankruptcy. This past July, CCLP the primary secured creditor acquired the Intellectual Property and assets of USA Baby through a foreclosure sale. Details of the Lone Star Baby & Kids acquisition were not immediately available.
Michael J. Schaul, President of Lone Star Baby & Kids stated, “We are extremely pleased with the outcome today and look forward to growing both the USA Baby and Lone Star Baby & Kids Brand nationwide through franchising.” Schaul added, “There are approximately thirty five (35) stores nationwide currently operating within the USA Baby Franchise System. We plan to offer these stores the opportunity to join our Franchise System and return the USA Baby Brand back to the predominant juvenile specialty store chain it once was.”
11/06/09 at 12:11 AM
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