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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.
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. Express, which is the ...
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.
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.
In its Chapter 11 petition earlier this year, filed in U.S. Bankruptcy Court for the District of Delaware, Express Inc. reported nearly $1.2 billion in total debts and $1.3 billion in total assets ...
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 ...