Clothing Chain Express Gets OK For Ch. 11 Loan, Asset Sale

By Rick Archer · June 6, 2024, 2:17 PM EDT

A Delaware bankruptcy judge Thursday approved Express Inc.'s Chapter 11 financing and asset sale procedures, saying the clothing retailer had corrected the evidentiary deficiencies that led her to pump the brakes...

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Bankruptcy Scorecard

Summary

Fashion retailer Express Inc. filed for Chapter 11 protection in Delaware to help tame roughly $1.2 billion in debt, saying it has an offer from a group of buyers for the majority of its assets, including its retail store locations.

Case Number

24-10831

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.2 billion in debt

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Related Sections

Case Information

Case Title

Express, Inc.

Case Number

1:24-bk-10831

Court

Delaware

Nature of Suit

Date Filed

April 22, 2024

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