Express Inc. Gets OK For $160M Going-Concern Sale

By Rick Archer · June 14, 2024, 1:18 PM EDT

A Delaware bankruptcy judge on Friday gave Express Inc. the go-ahead to hand over its clothing retail business as a going concern to the provider of the $160 million stalking-horse bid...

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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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