RTW Retailwinds sells ecommerce business to Sunrise Brands

RTW Retailwinds, Inc. has announced an asset purchase agreement with Sunrise Brands, LLC for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com and its rental subscription businesses Nyandcompanycloset.com and Fashiontofigurecloset.com for a cash purchase price of 20 million dollars plus assumption of certain liabilities, including honouring gift cards.