Monday, February 4, 2019

Charlotte Russe files for bankruptcy; pursuing sale

Chain Store Age
Mounting debt and sluggish mall traffic has taken a toll on another specialty apparel retailer.

Charlotte Russe Holdings Corp. announced it has filed for Chapter 11 bankruptcy protection. The young women’s fashions retailer said it plans to close about 95 stores while continuing to pursue a sale of the business and assets. Charlotte Russe operates more than 500 stores, including 10 under its Peek Kids banners.
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