Current location:International Idiom news portal > world
Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale
International Idiom news portal2024-05-22 01:48:05【world】6People 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.”
Address of this article:http://albania.camilleandconfettis.com/content-21d998986.html
Very good!(731)
Related articles
- How Diddy made himself the 'victim' in apology video where he does not mention ex
- Peng Liyuan Meets with Indonesian First Lady
- Vice Premier Stresses Optimizing COVID
- Chinese National Flag Flown at Half
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Xi Jinping Sends Letter to Congratulate 30th Anniversary of ANHPRC Founding
- Xi Says China to List Saudi Arabia as Destination for Group Travel
- Xi, Prayut Agree on Building China
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- National Winter Games put incing on Olympic legacy
Popular articles
Recommended
Israeli army says it kills over 130 militants in E. Rafah
Profile: Xi Jinping the reformer
Xi Says China Committed to Building Asia
China Focus: CPC Continues Self
BBC Countryfile star Adam Henson's wife wrote heartbreaking goodbye letters after cancer diagnosis
China Ready to Coordinate with New Zealand for Peace, Stability in Pacific Islands Region, Says Xi
Guidelines aim to reduce rate of childhood myopia
Chinese National Flag Flown at Half
Links
- Sean 'Diddy' Combs: What we know about the accusations against him
- Compulsory microchipping and desexing of pet cats after Lower Hutt council vote
- Police investigating shotgun attack on rugby team's van in Hawke's Bay
- Congestion charging bill derailed at last minute, former MP says
- Coalition talks: Christopher Luxon, David Seymour and Winston Peters meet in person
- Shotgun attack after Hastings rugby game 'deplorable'
- Five arrested in Taupō on Tuesday after group brawl at Richmond shops
- RNZ's brand new current affairs show: 30 with Guyon Espiner
- New York earthquake 'very strange and surreal' experience, NZer says
- Chef Jose Andres says Israel targeted his aid workers 'systematically, car by car'