Mr. Rags Files
Long Beach-based retail chain Mr. Rags has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in Santa Ana. The company, which was purchased last year from teen accessories chain Claire’s Stores Inc., operates 114 stores, including 30 in California. About 14 locations will be shuttered as part of the reorganization, but the remainder of the stores will continue to operate, the company said.
