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Garden Fresh Restaurant Corp., which owns the Souplantation and Sweet Tomatoes restaurants, will sell its assets to a New York private investment firm as part of its bankruptcy restructuring plan, the Los Angeles Times reported on Saturday. The sale, approved in bankruptcy court last week, is expected to be completed by late January. San Diego-based Garden Fresh said that that once it emerges from chapter 11 later this month, 90 to 104 restaurants will remain. No significant changes to its day-to-day operations are anticipated, said Garden Fresh, which operates more than 100 company-owned restaurants in 11 states.

Wet Seal, the mall retailer owned by Versa Capital Management, is considering a sale or bankruptcy after struggling to turn around the business, Bloomberg News reported on Friday. A decision could come as soon as this week. If Wet Seal decides instead on a bankruptcy, it would be the second in two years for the chain, which caters to women and girls ages 13 to 24. During its previous chapter 11 in 2015, the company sold its assets to Versa in a deal that included $7.5 million in cash. Wet Seal has already closed hundreds of stores, but sluggish mall traffic has continued to weigh on the chain’s remaining locations. In early 2015, Versa’s Mador Lending LLC won an auction for the Wet Seal’s inventory and some leases. As part of the deal, it provided $20 million in replacement bankruptcy financing and assumed certain liabilities. The Irvine, Calif.-based retailer has 171 locations in 42 states, according to its website.

American Apparel LLC has lined up a buyer for one of its Southern California manufacturing plants, a deal which could potentially save more than 330 jobs, a company lawyer for American Apparel said, the Wall Street Journal reported today. The bankrupt retailer has reached a preliminary deal to sell its Garden Grove, Calif., facilities to Broncs Inc., American Apparel lawyer Carl Black said at a hearing in U.S. Bankruptcy Court in Wilmington, Del. The deal, which has yet to close, could be valued at somewhere between $200,000 and $250,000, said Black, of the Jones Day law firm.