Express, Inc.

  1. September 05, 2024

    Healthcare Cos. Using Ch. 11 As Life Support In 2024

    Several healthcare companies, including ventilator maker Vyaire Medical Inc. and hospital operator Steward Health Care System, have filed for bankruptcy this year, citing issues like a post-pandemic revenue drop and ballooning expenses colliding with declining government reimbursements.

  2. August 23, 2024

    Retailers That Sunk Into The Red And Hit Ch. 11 In 2024

    Major retail companies including Express Inc., Conn's Inc., Avon Products, Sam Ash Music, and Rue21 have filed for bankruptcy this year, citing industry challenges stemming from the lasting impacts of the COVID-19 pandemic, rising interest rates and inflationary pressures.

  3. August 02, 2024

    Express Inc. Creditors Seek To File Their Own Ch. 11 Plan 

    The unsecured creditors committee for clothing retailer Express Inc. has asked a Delaware bankruptcy judge to give them the right to file their own Chapter 11 plan, saying progress on the case has been stalled since the company's going-concern sale, as the debtor insisted on including broad liability releases in its liquidation plan. 

  4. June 14, 2024

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

    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 in its Chapter 11 auction.

  5. June 13, 2024

    Express Picks Stalking Horse Bidder As Ch. 11 Buyer

    A stalking horse bidder offering $136 million in cash for the assets of clothing retailer Express Inc. will be the buyer in the debtor's competitive sale process, after its offer was deemed to be the only qualified bid to acquire the assets as a going-concern.

  6. June 06, 2024

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

    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 on its auction plans last week.

  7. June 03, 2024

    WeWork Plan Approval, Crypto Update, Giuliani Creditor Fight

    Office space provider WeWork's plan to wipe out $4 billion in debt and end its Chapter 11 case was approved, defunct crypto lending platform Genesis Global Holdco LLC expects to exit bankruptcy in July and the official committee of unsecured creditors in Rudy Giuliani's Chapter 11 has asked a New York bankruptcy judge to hand control of the Republican firebrand's estate to a trustee.

  8. May 31, 2024

    Clothing Retailer Express Delays Speedy Ch. 11 Auction

    Clothing retailer Express Inc. said Friday that it will delay a Chapter 11 auction it was hoping to host next week after a Delaware bankruptcy judge said she couldn't sign off on a speedy auction timeline or give final approval to the company's connected debtor-in-possession package until she saw more evidence to back them up.

  9. May 28, 2024

    Express Inc. DIP Loan Draws Fire From Unsecured Creditors

    Express Inc.'s unsecured creditors objected to final approval of the struggling retailer's $35 million debtor-in-possession financing, arguing that the loan package is not only unfair, but shouldn't be locked in before the case settles on either a going-concern sale or a liquidation.

  10. May 20, 2024

    Express Seeks To Nix 5th Ave. Store Lease, 16 Others

    Fashion retailer Express Inc. told a Delaware bankruptcy judge the company has decided to reject the leases for 17 of its stores in its Chapter 11 case, including a lease for its store on Fifth Avenue in New York City and another lodged in the Mall of America.