rue21 Inc., formerly known as Pennsylvania Fashions Inc., is headquartered in Warrendale, Pennsylvania and is a specialty discount retailer of young men and women's casual apparel and accessories. On November 13, 2009, rue21 announced its initial public offering. The company trades on the NASDAQ under the symbol 'rue'. The company is led by president and CEO Robert Fisch with Saunders Karp & Megrue (SKM) as its majority stakeholder. In February 2002 Pennsylvania Fashions Inc., filed for Chapter 11 bankruptcy protection. It was then that SKM emerged as the majority stakeholder three years after Cary Klein sold a 50% stake to the Stamford, Connecticut-based investment firm.
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