A’Gaci announces successful bidder for intellectual property

By Sarah Lizee

Olympia, Wash., Sept. 27 – A’Gaci LLC announced a successful bidder relating to the sale of some of its intellectual property, according to a notice filed Friday with the U.S. Bankruptcy Court for the Western District of Texas.

The successful bidder is Yonathan Shraga with a bid of $225,000.

A hearing regarding the sale motion is scheduled for Oct. 2.

As previously reported, A’Gaci said it developed and used the intellectual property, which includes trademarks, domain names, agacistore.com and social media assets, in connection with its retail operations. However, store-closing sales are being conducted at all of its retail locations.

A’Gaci is a San Antonio-based fashion retailer. The company filed bankruptcy on Aug. 7 under Chapter 11 case number 19-51919.

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