Going-out-of-business sales at Cache Inc.'s some 200 stores may have signaled the end of the brick-and-mortar retailer, but the Cache name could live on following the sale of the women's clothing chain's intellectual property, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Mary Walrath on Tuesday signed off on the sale of Cache's intellectual property and customer lists to Cato Corp., a chain of more than 1,300 women's clothing and accessories stores. The intellectual property sale won't actually bring more money into Cache's dwindling bankruptcy coffers. That's because Great American Group, the liquidator that ran going-out-of-business sales at the chain, bought the IP rights for $2.5 million and then sold them to Cato. That price was included in the $18 million Great American paid for the rights to the sales, according to court filings.
