NEW YORK–The founding family of Mervyns LLC purchased the defunct retailer’s name and its Internet-related intellectual properties, the Wall Street Journal reported.
John, Jim and Jeff Morris, the sons of the department store chain’s founder Mervin Morris, bought the name of the promotional department store chain that went out of business last year.
Meryvns joins the ranks of retailers who have recently shuttered but are getting a second chance in the hands of new owners, either as a wholesale brand or online retailer. These include The Sharper Image, Bombay and Linens ’n Things, which were all purchased by Hilco Consumer Capital.