dELiA's Sells Alloy Business for $3.7M Plus Debt

Teen apparel retailer dELiA's has sold its Alloy business to an investor group for $3.7 million in cash and the assumption of $3.1 million in liabilities. Under the terms of the deal, Delias also agreed to provide transition services to the investor group, which will operate the brand under a new company called Alloy Apparel and Accessories.