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Published 12 days ago

Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale

  • Express will close all five UpWest stores and 95 retail stores due to bankruptcy. It plans to sell a majority stake to a group led by WHP Global and received $35 million in new financing.
  • A consortium led by WHP Global intends to purchase Express, according to a non-binding letter of intent.
  • Express filed for Chapter 11 bankruptcy with $1.2 billion in debts and $1.3 billion in assets, receiving $35 million in new financing.
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Associated Press NewsAssociated Press News

Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale

Express Inc. has filed for Chapter 11 bankruptcy protection and the fashion retailer is seeking to sell the majority of its stores. Columbus, Ohio-based Express is also the parent of

12 days ago·United States
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abc Newsabc News

Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale

Express Inc. has filed for Chapter 11 bankruptcy protection and the fashion retailer is seeking to sell the majority of its stores

12 days ago·United States
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CNBCCNBC

Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand

Longtime mall retailer Express filed for bankruptcy and plans to close nearly 100 stores as an investor group looks to save it from extinction.

12 days ago·United States
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KVIAKVIA

Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale

NEW YORK (AP) — Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores. Columbus, Ohio-based Express, which is also the parent of Bonbons and Upwest brands, is shuttering a handful of its operations in the process. In an announcement Monday, the company said it planned to close 95 of its Express stores and all UpWest stores. Express also said that it received a non-binding le…

12 days ago·Panama City, United States
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The Business JournalsThe Business Journals

Express files for Ch. 11 bankruptcy; Retailer looks to close 100-plus stores, sell 'substantial majority' of operations

The company is closing more than 100 stores across multiple brands as a potential sale looms. Express also said it has filed for Chapter 11 bankruptcy protection in Delaware. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," CEO Stewart Glendinning said in a statement.

12 days ago·United States
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Winnipeg Free PressWinnipeg Free Press

Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale

NEW YORK (AP) — Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell of the majority of its stores. Columbus, Ohio-based Express, which […]

12 days ago·Winnipeg, Canada
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