×
99 196
Fashion Jobs
MICHAEL KORS STORES LLC
Full Time Sales Supervisor, Brookfield Place Nyc
Permanent · Rochester Metropolitan Area
ROSS STORES
Store Protection Specialist
Permanent · Houston
TJ MAXX
lp Detective
Permanent · Homestead
TJ MAXX
70118-Loss Prevention Detective, Newbury st, Boston, ma
Permanent · Boston
HOMEGOODS
lp Detective
Permanent · Frederick
TJ MAXX
70118-Loss Preventon Detective, Downtown Boston, ma
Permanent · Boston
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Chattanooga
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Norman
MACY'S
Asset Protection Detective, Bridgewater Commons - Full Time
Permanent · Bridgewater Township
MACY'S
Asset Protection Security Guard, Presidential Markets - Full Time
Permanent · Snellville
MACY'S
Asset Protection Detective, Santa Ana Mainplace - Part Time
Permanent · Santa Ana
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MACY'S
Asset Protection Detective, Topanga - Part Time
Permanent · Los Angeles
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Outlets at Orange - Full Time
Permanent · Orange
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Roosevelt Field - Part Time
Permanent · Garden City
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Palmdale
KOHLS
Full-Time Loss Prevention Officer
Permanent · Pleasant Hill
KOHLS
Human Resources Generalist - Logistics
Permanent · DeSoto
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · West Des Moines
COTY
sr. Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Trade Mkting
Permanent · Los Angeles
COTY
Manager, Ecommerce Independents
Permanent · Los Angeles
Published
Jan 8, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Charlotte Russe considers sale or bankruptcy

Published
Jan 8, 2019

Teen mall retailer Charlotte Russe Inc. is reportedly considering sale or bankruptcy. The development, sourced from people familiar with the matter and reported by the Wall Street Journal, comes just over a year after the retailer was bailed out of a potential bankruptcy filing as the result of a debt restructuring agreement announced in December of 2017.


Charlotte Russe


Working with its lenders and with the help of an upgrade by financial services company Standard & Poor (S&P), the retailer cut its total debt from $214 million to $90 million in February of 2018. 

Following the upgrade, S&P said in a report that Charlotte Russe would continue to face a “difficult operating environment."

Charlotte Russe has sought out the help of Guggenheim Securities to "explore strategic alternatives," and the company is considering selling to another retailer or entering into a partnership to avoid bankruptcy, the source said. 

The news comes just after the close of 2018, a year marked by the bankruptcies of companies like Sears, Bon-Ton and David's Bridal, with Sears securing a multi-million dollar loan to keep its business afloat. 

According to economists, the future of retailers like Charlotte Russe are likely to reveal themselves within the first quarter of 2019, when the aftermath of the holiday season and the outlook for the new year is most clear. 

Charlotte Russe is currently owned by Advent International.
 

Copyright © 2021 FashionNetwork.com All rights reserved.