It was bought out of bankruptcy by a consortium of former bondholders and hedge fund Monarch Alternative Capital.
That venture failed to stem falling sales amid a US retail market suffering from the same ailments as its UK counterpart.
Canadian clothing manufacturer Gildan Activewear said it has agreed to buy global IP rights and some assets, worth around $66m, and stock.
It was revealed last week that administrators KPMG had been appointed to wind down the UK business of 13 stores and 183 staff.
Those stores will continue to trade in the run-up to Christmas, before the sale of sites kicks off.
A year later, the company issued a restraining order against him.