A month after filing for bankruptcy in March 2019 and announcing it would be closing all of its stores, fast-fashion mall retailer Charlotte Russe announced it would open 100 locations.
Charlotte Russe Holdings Corp. and its subsidiaries announced in a news release that they successfully sold the brand and intellectual properties to YM Inc., a North American fashion house.
“We are very excited Charlotte Russe will be joining the portfolio of brands at YM. This acquisition marries a beloved brand with a sophisticated retail platform and provides Charlotte Russe a path to grow in the future,” Dayna Quanbeck, interim CEO of Charlotte Russe, said in a statement. “We thank our loyal customers and employees for sticking by us through the past several months.”
The company, founded in 1975, caters its items toward women’s fashion and had more than 500 stores in 49 states and Puerto Rico.
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