Your current location:HOME >politics >Express files for Chapter 11 bankruptcy protection, announces store closures, possible sale 正文
TIME:2024-05-21 09:29:30 Source: Internet compilationEdit:politics
NEW 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.”
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons2024-05-21 09:14
Top Pakistan medical official resigns for mishandling fast bowler's elbow injury2024-05-21 08:54
IPL form barely considered for India T20 World Cup squad, skipper Sharma says2024-05-21 08:52
Police in Fort Worth say four children are among six people wounded in a drive2024-05-21 08:38
Georgia Republicans choose Amy Kremer, organizer of pro2024-05-21 08:22
China expresses grave concerns over Japan's planned export controls2024-05-21 08:19
Soccer jersey dispute between Algeria and Morocco clubs over Western Sahara goes to sports court2024-05-21 08:10
Jordan condemns Israeli settlers' assault on Jordanian aid convoy to Gaza2024-05-21 07:50
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI2024-05-21 07:32
Maryland officials release timeline, cost estimate, for rebuilding bridge2024-05-21 07:18
Dodgers acquire pitcher Yohan Ramírez from Mets for cash2024-05-21 09:25
Iraqi PM vows to diversify national economy2024-05-21 09:14
Japan PM Kishida sends offering to notorious war2024-05-21 09:07
Iraqi PM vows to diversify national economy2024-05-21 07:56
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS2024-05-21 07:41
China's trade with other BRICS members up 11.3 pct in Q12024-05-21 07:40
Jaguars counting on Arkansas' Cam Little to tee up new era following four2024-05-21 07:37
Farmer who demolished a 17th century Grade II listed dovecote without permission is fined £45,0002024-05-21 07:34
Red Lobster seeks bankruptcy protection after closing some restaurants2024-05-21 07:20
PSG defender Hernandez needs surgery after rupturing ACL and set to miss Euro 20242024-05-21 07:08