Less than a month after filing for bankruptcy and announcing it would be closing its stores, fast-fashion mall retailer Charlotte Russe is relaunching and reopening 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."
Charlotte Russe's social media pages and its website tease a brand-new online shopping experience. The online store initially closed soon after it was announced that the company filed for bankruptcy.
We are planning a brand new online shopping experience, as well as re-opening 100 retail locations across the US. Watch out for more details coming soon! pic.twitter.com/AvOgTHvHkI
— Charlotte Russe (@CharlotteRusse) April 11, 2019
Charlotte Russe is well-known for offering affordable, trendy clothing, shoes and accessories for young women.
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