Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale
Release time：2024-05-21 08:12:33 Source：World Whispers news portal
NEW YORK (AP) — Express Inc — once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M — has filed for Chapter 11 bankruptcy protection.
The retailer based in Columbus, Ohio, and founded in 1980 also said Monday it is seeking to sell the majority of its stores.
Express, which is the parent of the Bonbons and UpWest brands, is shuttering a handful of its outlets in the process. In an announcement addressing its bankruptcy filing, the company said it plans to close 95 of its Express retail stores and all 10 of its UpWest stores.
Closing sales at locations being shut down, which span across more than 30 states and Washington, D.C., are set to begin Tuesday. Beyond these closures, Express said that it expects to conduct business as usual.
Also on Monday, Express announced that it received a non-binding letter of intent from a group led by consumer brand acquisition and management firm WHP Global to potentially purchase the majority of its stores and operations. Express said that it had filed for Chapter 11 protection “to facilitate the sale process.”
- Previous：The government wants to buy their flood
- Next：What's next for Iran after death of its president in crash?
Related articles
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- New Year's Day holiday travel plans heating up
- Qinghai affected by Gansu earthquake, mobilizes multiple personnel
- Temperatures plunge to historic lows as severe cold fronts impact most of China
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- China issues yellow alert for blizzards
- China continues to enhance public medical services
- Temperatures plunge to historic lows as severe cold fronts impact most of China
- Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
- Prefab houses for quake
- The Latest
- Guideline unveiled to make public use of autonomous driving vehicles safer
- Dedicated efforts bolster nation's health defenses
- Guideline unveiled to make public use of autonomous driving vehicles safer
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Heavy rains set off flash floods, killing 33 people in Afghanistan,
- 39 killed in deadly building fire in Jiangxi
- Multiple places in C.China’s Henan suspend classes, transportation due to continuous snowfall
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
- Social media star revives interest in ancient Chinese writing
Random recommendation
- Copyright © 2024 Powered by Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale ,World Whispers news portal sitemap