A subsidiary of Florida-based Retail Ecommerce Ventures won the bankrupt retailer’s intellectual property at auction, including trade names, web sites, social media accounts and customer list and will pay $3,640,000 for the assets. The acquisitions may see the Modell’s banner live on, at least online, and that appears to be the intention of REV owners Tai Lopez and Alex Mehr, who told NBC News their business model is to buy up iconic American brands and operate them as e-commerce businesses. Mehr, REV’s CEO, sold his first venture, the dating app Zoosk, for $300 million last year. The acquiring entity is ... Log in to view full article.