Clothing retailer Express files for bankruptcy, to close 95 stores [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
Express, a shopping mall staple, said its remaining stores will operate as usual during the mass closing. The company said it made the move to file for bankruptcy as a strategic move to sell most of its operations to an investment group. Express said that WHP Globa l, an indirect subsidiary of shopping outlet giant Simon Property Group, leads the investment group. Express said it has received a commitment for $35 million in new financing from some of its existing lenders depending on bankruptcy court approval and $49 million from the Internal Revenue Service in connection with CARES Act. "We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations," Stewart Glendinning, CEO of Express, said in a statement. "We are taking an important step to strengthen our financial position and enable Express to continue advancing our business initiatives. WHP has been a strong partner to the company sin
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News
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- After 20 years, national fashion chain will close Kansas City location. Sales underway [Yahoo! Finance]Yahoo! Finance
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SPG
Earnings
- 2/5/24 - Beat
SPG
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- SPG's page on the SEC website