EXP OldCo Winddown, Inc.

1:24-bk-10831

April 25, 2024
Express Inc. Bankruptcy Tests Once And Future Mall 'Darling'

Just before the COVID-19 pandemic, Express Inc. made a fateful decision to invest more in its retail clothing stores despite dwindling profits as consumers increasingly embraced online shopping. That left the company ill-prepared for the e-commerce boom to come in 2020 — and set it on a path that culminated in its bankruptcy filing this week.
April 24, 2024
Meet The Team Guiding Retailer Express Inc. Through Ch. 11

Fashion retailer Express Inc. filed for Chapter 11 protection Monday in Delaware with more than $1 billion in debt, saying it has an offer from a group of buyers for the majority of its assets, including its stores.
April 23, 2024
Retailer Express Inc. Gets OK To Tap $35M In DIP Financing

A Delaware bankruptcy judge on Tuesday said she would approve Express Inc.'s request to borrow $35 million in debtor-in-possession financing and to roll up other debt so that the apparel retailer can stay afloat during its Chapter 11 proceedings and a planned sale of assets.
April 22, 2024
Subchapter V Report, Express Hits Ch. 11, NY Diocese Fallout

The American Bankruptcy Institute held its annual spring meeting last week, where a task force on Subchapter V presented its report and recommendations on small-business bankruptcy filings, and clothing retailer Express Inc. landed in Chapter 11 with more than $1 billion in debt.