Analysis

Express Inc. Bankruptcy Tests Once And Future Mall 'Darling'

By Alex Wittenberg · April 25, 2024, 6:49 PM EDT

Just before the COVID-19 pandemic, Express Inc. made a fateful decision to invest more in its retail clothing stores despite dwindling profits as consumers increasingly embraced online shopping. That left the...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Fashion retailer Express Inc. filed for Chapter 11 protection in Delaware to help tame roughly $1.2 billion in debt, saying it has an offer from a group of buyers for the majority of its assets, including its retail store locations.

Case Number

24-10831

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.2 billion in debt

View Full Scorecard

Related Sections

Case Information

Case Title

Express, Inc.

Case Number

1:24-bk-10831

Court

Delaware

Nature of Suit

Date Filed

April 22, 2024

Recent Articles By Alex