Express, Inc. Receives Letter of Intent from Consortium led by WHP Global for Sale of Business [Yahoo! Finance]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: Yahoo! Finance
Continuing to Serve Customers in Stores and Online Across the EXPRESS, Bonobos and UpWest Brands COLUMBUS, Ohio, April 22, 2024 BUSINESS WIRE )--Express, Inc. (OTC PINK: EXPR) ("Express" or the "Company") today announced that it has received a non-binding letter of intent from a consortium led by WHP Global ("WHP"), and participants including a wholly owned indirect subsidiary of Simon Property Group, L. P. ("Simon") and Brookfield Properties ("Brookfield") for the potential sale of a substantial majority of the Company's retail stores and operations. To facilitate the sale process, Express and its subsidiaries have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware. Express has received a commitment for $35 million in new financing from certain of its existing lenders, subject to court approval. Additionally, on April 15, 2024, the Company received $49 million in cash from the Internal Revenue Service related to the CARES Act. Expres
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News
- 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
- Express files for bankruptcy; closing more than 100 stores [Yahoo! Finance]Yahoo! Finance
EXPR
Earnings
- 11/30/23 - Miss
EXPR
Sec Filings
- 5/6/24 - Form NT
- 4/22/24 - Form 8-K
- 3/14/24 - Form 25-NSE
- EXPR's page on the SEC website