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Longtime mall retailer Express filed for Chapter 11 bankruptcy protection on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it.
Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. Express files for ...
The exterior of an Express Store located in the Easton Town Center in Columbus, Ohio on June 25, 2015. The company on Monday announced it had filed for bankruptcy.
It filed for Chapter 11 bankruptcy protection in April. At the time, Express said its bankruptcy filing would “facilitate the sale process" after receiving a non-binding letter of intent from a WHP-led group. The company also announced plans to close 95 Express retail stores and all 10 UpWest stores.
In August 2023, Express announced that they would be laying off 150 workers in effort to achieve $150 million in annualized expense reductions by the end of 2025. [10] On October 24, 2023, Express warned that it may have to file for Chapter 11 bankruptcy protection as it has been hit hard from the COVID-19 pandemic, stating store sales have been declining for years and rising costs putting the ...
Express files for Chapter 11 bankruptcy. The Columbus, Ohio-based company has filed for voluntary Chapter 11 petitions in U.S. Bankruptcy Court in Delaware.