Express, a US apparel retailer, filed for Chapter 11 bankruptcy, plans to close 95 stores, and seeks potential buyers for its stores and operations.
Express Inc., a US apparel retailer, filed for Chapter 11 bankruptcy, planning to close around 95 of its stores and all UpWest stores. The company secured $35 million in new financing and received $49 million related to the CARES Act. WHP Global, Simon Property Group, and Brookfield Properties have expressed interest in potentially purchasing a majority of the retailer's stores and operations. Express aims to continue advancing business initiatives and strengthen its financial position.
April 22, 2024
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