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On December 31, 2015, Seal123, Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy. The Wet Seal, Inc. sold substantially all of its assets. Previously, the company operated as a multi-channel specialty retailer that sells fashionable and contemporary apparel and accessory items for female consumers. The Wet Seal, Inc. was founded in 1962 and is based in Foothill Ranch, California.
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