How bankruptcy saved Express
Express filed for bankruptcy in April, paving the way for a group of investors to acquire the brand and revive the mall mainstay.
Express, Inc. is a dual gender apparel and accessories brand. It operates retail and outlet stores in the United States and Puerto Rico, located primarily in high-traffic shopping malls, lifestyle centers, outlet centers, and street locations. The company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations. Express was founded in 1980 and is headquartered in Columbus, OH.
Express filed for bankruptcy in April, paving the way for a group of investors to acquire the brand and revive the mall mainstay.
Express Inc. said it could be forced to liquidate if the bankrupt clothing retailer can’t complete a proposed buyout relatively quickly.
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the U.S., announcing plans to shutter over 100 stores. The retailer said it plans to...