United States fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection as it plans to shutter more than 95 stores.
In addition to nearly 100 Express stores, the company is closing down all UpWest stores, a subsidiary with locations across several states.
The Columbus, Ohio-based clothing retailer, which is also the parent company of the Bonobos brand, announced the decision in a Monday news release.
The locations to be shut down have not yet been released, but company officials said closing sales will begin on Tuesday.
Otherwise, Express says it “expects to conduct business as usual.”
Executives also said they received a non-binding letter of intent from a group that WHP Global leads, looking to purchase the majority of
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