NEW YORK (AP) — A U.S. bankruptcy judge has approved the sale of the majority of Express Inc. 's operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.
FILE - A storefront of Express , Inc. a fashion apparel retailer, shown Jan. 22, 2020, in Paradise Valley, Ariz. A U.S. bankruptcy judge has approved the sale of Express Inc. to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.
The group that won grant approval for the sale is a newly-formed retail operating platform called “Phoenix” — which WHP announced Friday in collaboration with mall operators Simon Property Group, Brookfield Properties and Centennial Real Estate.Phoenix will operate all direct-to-consumer commerce for Express and Bonobos in the U.S., accoridng to WHP — maintaining the brands’ more than 450 stores, e-commerce operations and nearly 7,000 jobs nationwide.that Express Inc.
Inc. Bankruptcy Recessions And Depressions Finance Business Phoenix Chimpanzees Business Simon Property Group Inc.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These 3 Clinical-Stage Biotech Stocks Can Offer Exponential GainsStocks Analysis by The Tokenist (Timothy Fries) covering: Pfizer Inc, Ocuphire Pharma Inc, Rocket Pharmaceuticals Inc, Arvinas Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Top 3 Stocks Set to Soar With the AI-Driven Metaverse RevolutionStocks Analysis by MarketBeat.com (Thomas Hughes) covering: Apple Inc, Amazon.com Inc, Walmart Inc, Meta Platforms Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Read more »
4 Retailers With Outlier Earnings Dates Reporting This WeekStocks Analysis by Christine Short covering: Walmart Inc, Bath & Body Works Inc., Big Lots Inc, TJX Companies Inc. Read Christine Short's latest article on Investing.com
Read more »
Express to be Bought Out of Bankruptcy for $174MExpress is set to be sold for $174 million to WHP, Simon, Brookfield, Centennial Become New Operators
Read more »
Will Broadcom’s 10-for-1 Split Offer a Boost for the Stock?Stocks Analysis by The Tokenist (Timothy Fries) covering: Alphabet Inc Class A, Gen Digital Inc, NVIDIA Corporation, Marvell Technology Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Nvidia: Export Curbs Could Spark Correction - A Chance to Get in at Lower Levels?Stocks Analysis by Investing.com (Calogero Selvaggio) covering: Apple Inc, NVIDIA Corporation, Advanced Micro Devices Inc, Tesla Inc. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
Read more »