Last week, a judge in Delaware approved a sale of its assets to liquidator SB360 Capital Partners. Last month, the chain was put into Chapter 11 bankruptcy. purchased the brand for $380 million in 2009. ![]() Private equity firm Advent International Corp. The chain was founded in 1975, selling women’s clothing, shoes and accessories. Liquidation sales are underway at each local Charlotte Russe location, and all of its stores are scheduled to be closed by April 30, per a USA Today report. We provide exciting, fashion-forward merchandise that appeals to a broad range of customers, with a core emphasis on the lifestyle trends of young women in their teens and twenties. Prior to filing for bankruptcy, the company operated more than 500 stores in 49 states and Puerto Rico, under the Charlotte Russe and Peek Kids brands. Charlotte Russe is a growing, mall-based specialty retailer of fashionable, value-priced apparel and accessories. (Mike Platania)Īnother national retailer’s bankruptcy is having a ripple effect on Richmond storefronts, this time with three area malls losing a tenant.Ĭharlotte Russe, a women’s clothing chain, is going out of business and closing all of its remaining 416 stores nationwide, including its locations in Virginia Center Commons, Chesterfield Towne Center and Regency Square. The women’s retailer’s shop in Regency Square.
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