M Den, the official retailer of the University of Michigan, has closed its location at Twelve Oaks Mall in preparation for the sale of the company, according to a post on X.
“It is with a heavy heart that The M Den at 12 Oaks Mall in Novi is closing effective immediately as we look to sell our business,” the company said on X Thursday afternoon. “All employees at this location have been notified of the closure and have been offered positions at our remaining M Den locations or transitional pay.”
The company said it could not provide any further comment at this time.
MLive reported Thursday that the university plans to operate Legends Global Merchandise under the name M Den. Legends aspires to become “the world’s leading retail and merchandising company,” according to its website. In an email to The Detroit News, Legends declined to comment.
University spokesman David Ablauf said Thursday that the university had “nothing to announce regarding a new retail partner. We look forward to sharing the news once everything is finalized.”
The announcement came after M Den faced financial problems this year, with suppliers claiming the company owed them money.
According to the company’s website, the company still has four locations in Ann Arbor and one in Detroit.
Scott Hirth, owner of M Den, could not be reached for comment Thursday.
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