Apparel company Express seeks quick bankruptcy sale [Reuters]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: Reuters
Express filed for bankruptcy protection on Monday with a non-binding agreement to sell most of its retail stores and operations to a consortium led by equity investor WHP Global and Express's two largest landlords. At the company's first appearance in Wilmington, Delaware's bankruptcy court, Express's attorney Emily Geier at Kirkland & Ellis said that the company is racing to finalize that sale agreement within 30 days. Report this ad "We are going to try to get this done right, and we are going to move very quickly because we really only get one shot," Geier told U.S. Bankruptcy Judge Karen Owens. If Express cannot finalize a sale agreement within 30 days, it is prepared to pivot to a liquidation of its business rather than pursue a lengthy bankruptcy that racks up significant legal fees while keeping its employees, clothing suppliers and other stakeholders in a state of uncertainty, Geier said. Express, which also owns the Bonobos and UpWest brands, has 9,300 employees and
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News
- Express' troubles lead to job cuts at Bath & Body Works affiliate [Yahoo! Finance]Yahoo! Finance
- 2024's Retail Distress List is Growing, Experts Say [Yahoo! Finance]Yahoo! Finance
- Express files for bankruptcy; closing more than 100 stores [CNN]CNN
- Express bankruptcy means 95 store closures in 30 states and DC: Here are the numbers [FOX Business Network]FOX Business Network
- Retailer Express files for Chapter 11 bankruptcy protection [FOX Business Network]FOX Business Network
EXPR
Earnings
- 11/30/23 - Miss
EXPR
Sec Filings
- 4/22/24 - Form 8-K
- 3/14/24 - Form 25-NSE
- 3/6/24 - Form 8-K
- EXPR's page on the SEC website