Fashion retailer Express Inc
has filed for Chapter 11 bankruptcy in the United
States and intends to close more than 100 stores, it said on
Monday. The retailer whose portfolio includes.
Apparel retailer Express Inc EXPR and its subsidiaries have filed voluntary Chapter 11 petitions in the U.S. bankruptcy court for the district of Delaware.…
Express Inc (OTC:EXPR) and subsidiaries file Chapter 11 petitions, signaling a strategic move to optimize operations and strengthen financial position. The retailer plans to shutter 95 stores, including all UpWest outlets, with a commitment of $35 million in new financing. Amidst this restructuring, Express receives $49 million from the IRS and eyes a potential majority stake sale to WHP Global-led consortium.
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