Warrendale, Pa.-based teen retailer rue21 announced on Friday that it had emerged from chapter 11 protection, the Pittsburgh Business Times reported. The announcement follows several months of work on financial restructuring since rue21 filed for voluntary chapter 11 reorganization on May 15. The restructuring plan was approved on Sept. 11 by the U.S. Bankruptcy Court for the Western District of Pennsylvania in Pittsburgh. The company has 758 stores in 45 states.
