Express files for bankruptcy, plans to close over 100 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, whose portfolio includes Bonobos and UpWest, filed for bankruptcy and plans to close 95 Express stores and all 10 of its UpWest stores. The company did not specify which Express locations will be shut down, but said closing sales at the affected stores are expected to begin Tuesday. The company said the remaining stores will continue business as usual, with gift cards and store credits being redeemed in stores. All the company's online channels and apps will also continue to accept orders. Central Ohio theft ring appears to be part of larger issue, law enforcement says In a news release, Express claimed the Chapter 11 bankruptcy protection was to “facilitate the sale” of most of its operations to an investor group, which includes WHP Global, Simon Property Group and Brookfield Properties. Subject to court approval, Express said it received a letter of intent from the investors to buy the assets. Express currently has 11 locations in Ohio, with a store in both Easton
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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