The once bustling workwear retailer Express officially filed for Chapter 11 bankruptcy protection in the U.S. on Monday.
The retailer will close 100 stores across the country, court documents filed in Delaware said. Assets and liabilities listed are estimated to cost between $1 billion to $10 billion.
Express’ portfolio includes brands such as Express, Bonobos, and UpWest. The company most recently acquired Bonobos, a menswear company, in May 2023 from Walmart Inc. in a joint acquisition with WHP Globals for an estimated $75 million.
Related: Walmart Sells Bonobos at $235 Million Loss
“We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers, and strengthening our operations,” said
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