Retailer Express files for Chapter 11 bankruptcy protection [FOX Business Network]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: FOX Business Network
Express said in a press release that it was "continuing to serve customers in stores and online across its Express, Bonobos and UpWest Brads and expects to conduct business as usual as the company works to right-size its lease portfolio and operations." Brand management firm WHP Global and others on Monday sent Express a non-binding letter of intent to possibly buy a "substantial majority" of its operations. The bankruptcy filing is supposed to help that process, according to the retailer. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," Express CEO Stewart Glendinning said. "WHP has been a strong partner to the company since 2023, and the proposed transaction will provide us with additional financial resources, better position the business for profitable growth and maximize value for our shareholders." WHP Global, which owns Toys "R" Us and fashion labels such as Anne Klein, took a
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EXPR
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
- Express files for bankruptcy; closing more than 100 stores [Yahoo! Finance]Yahoo! Finance
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