 Trans World Entertainment Nasdaq TWMC, TWEC or the Company announced today that it has closed the previously-announced sale of substantially all of the assets constituting its For Your Entertainment FYE segment to a subsidiary of Sunrise Records and Entertainment Ltd. Sunrise, the parent of Sunrise Records in Canada and HMV Records in the United Kingdom, for 10 million in cash, subject to net inventory and other adjustments, plus the assumption of certain liabilities the Transaction. The Transaction was unanimously approved by the Companys board of directors on January 23, 2020, and was approved by more than two-thirds of the Companys shareholders at a special shareholders meeting held on February 17, 2020. 