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An initial “stalking horse” bid with liquidator Hilco Merchant Resources, LLC was filed in court last week, starting the countdown to the womens apparel retailer’s fate.
Other bids from potential buyers that could keep stores open are due one week from today with an auction to follow March 5, the company said in a statement.
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If no bidders offer to keep the company in business or a bid that would is not deemed the best offer, the company will begin to wind down its store locations and operations beginning around March 7, according to the release.
There is also a Charlotte Russe store at the Cincinnati Premium Outlets.
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