C. Wonder's Brand Assets Acquired by Xcel Brands

Though C. Wonder filed for bankruptcy in January, the preppy retailer's narrative isn't quite done. On Friday, Xcel Brands announced that it's entered an agreement to acquire C. Wonder's intellectual property rights, trademarks and related designs. Until now, those assets were controlled by C. Wonder founder Chris Burch (also the ex-husband of Tory Burch), who bought them up after his company went under.