Stories of trips to bankruptcy court have become all too common this year. Here’s an update on how three companies on which we previously reported have fared:

• Rubie’s Costume Co., long controlled by the Beige family, will have new owners in Rubie’s II LLC, which in addition to the Beige family (which retains a 30% interest) includes NECA Chairman Joel Weinshanker (35%) and investment advisory firm Atalaya (35%). The $135 million sale was approved earlier this month.
  Former Rubie’s President Marc Beige and his brother, former EVP Howard, will continue as co-founders and handle administration and sales, respectively, for the company, says Weinshanker, who will be Managing Director. NECA Licensing Head Sharon Pratt and Licensing and Business Development Director Tara Blitz will have the same responsibilities for Rubie’s, says Weinshanker.
  Rubie’s will likely renew many of its licensing agreements given that 75-80% are with licensors with whom NECA already has deals, says Weinshanker. The largest Rubie’s unsecured creditor was Warner Bros. ($1.4 million).
  The company also will retain its factories in Mexico (masks) and Mauldin, SC (ribbons) and Phoenix, AZ (make-up) other apparel facilities and a headquarters in Melville, NY.
• Ashford Textiles acquired Northwest for $31 million, beating out Cathay Home by $2.3 million. Debtors initially chose Cathay Home as the buyer despite its lower bid, arguing there was “execution risk” in having Ashford acquire the company.
  Former Northwest CEO Ross Auerbach had blamed Ashford, which was a contract manufacturer for Northwest, for the loss of a Walmart contract in citing “quality control issues.” Northwest also had fraught relationships with Ashford.
  Auerbach left the company in July, clearing the way for Ashford to make a bid, Ashford said in court documents. While its bid was lower than Cathay’s offer, Ashford agreed to close on the sale even “in the extremely unlikely event that it could not [renew existing] licenses,” according to court records.
• Centric Brands, which has licenses for more than 100 labels including Kate Spade, Jessica Simpson and Frye and owns Zac Posen and Hudson brands, is expected to formally emerge from bankruptcy later this month. It will have new financing and “significantly reduced” debt, the company said. It filed for bankruptcy in May.
  Jason Rabin continues as CEO, as the company moves from a public company to private ownership; it had been publicly traded since being spun off from Global Brands Group in 2018. One of the companies that supplied $435 million in debtor-in-possession financing, Blackstone Group, is majority sponsor.