Current location:entertainment >>
Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale
entertainment7938People have gathered around
IntroductionNEW YORK (AP) — Express Inc — once a trendsetter of casual office attire that has struggled to compe ...
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.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Index news portal”。http://togo.adventistmissionjapan.org/news-10c899108.html
Related articles
Progressive prosecutor in Portland, Oregon, seeks to fend off tough
entertainmentPORTLAND, Ore. (AP) — In Oregon’s Multnomah County, home to Portland, the progressive district attor ...
Read moreA Manic Monday in the NHL features 7 of 8 games that could affect the playoff picture
entertainmentWashington Capitals players run the gamut from being plugged into all the NHL playoff scenarios to h ...
Read moreBelt and Road archaeological cooperation fosters closer friendship among civilizations
entertainmentBy Wang Jue (People's Daily) 13:22, March 28, 2024Since China proposed the Belt and Road Initiative ...
Read more
Popular articles
- Russian general who criticized equipment shortages in Ukraine is arrested on bribery charges
- Young Chinese vlogger strengthens China
- Inside the China Online Audiovisual Annual Gala
- Millennium
- A Canadian serial killer who brought victims to a pig farm is hospitalized after a prison assault
- London Book Fair director calls for more cultural exchange
Latest articles
Hometown of Laura Ingalls Wilder set for a growth spurt
Home and Youth Affairs Bureau Spring Reception 2024 held in Hong Kong
Light decorations seen before Chinese Lunar New Year in Macao
Dramatic intervention by Labour Deputy's ex
State Supreme Court and Republican congressional primary elections top Georgia ballots
People visit lantern show ahead of Chinese Lunar New Year in Malaysia
LINKS
- Brekalo, McGuire score late goals to help Orlando City beat DC United 3
- United Airlines Boeing 757 flight makes emergency landing due to wing damage
- 300,000 new families eligible for welfare program in Sri Lanka
- Brekalo, McGuire score late goals to help Orlando City beat DC United 3
- Israel's air
- Uncertainty, anxiety loom over 2024 U.S. presidential election
- Texas blocks U.S. border patrol, Biden gov't asks Supreme Court to intervene
- Masters Tee Times
- Tanzania to host East African petroleum conference 2025
- 7 shot dead in 2 locations in U.S. Illinois