Specialty retailer Altar’d State has put in a $7 million “stalking horse” bid for the Francesca’s intellectual property (IP), following the retailer’s bankruptcy declaration earlier this month. According to a Feb. 9 filing in the U.S. Bankruptcy Court for the District of New Jersey, the deadline for additional bids is March 5, 2026, with a sale hearing scheduled for March 12.
Altar’d State’s parent company is Stand Out For Good, a purpose-based retailer that operates 127 Altar’d State stores, 35 Arula boutiques, six Vow’d boutiques and three Tullabee boutiques in 39 states.
The bid from Altar’d State includes a break-up fee provision of $210,000 and up to $150,000 in cost reimbursements.
