“Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand”
April 23, 2024
“Longtime mall retailer Express filed for Chapter 11 bankruptcy protection in Delaware federal court on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it.
Express, whose portfolio includes its namesake banner, Bonobos and UpWest, said it will close 95 of its eponymous shops and all of its UpWest doors. As of last January, the company had 553 total stores, according to company securities filings. It’s not clear how many of those were UpWest stores, but the brand’s website shows that it has 10 locations…”
https://www.cnbc.com/2024/04/22/express-files-for-bankruptcy-plans-to-close-nearly-100-stores.html