Charlotte Russe to close all remaining stores

Charlotte Russe to close all remaining stores

Charlotte Russe to close all remaining stores

The store has already closed its online store.

Charlotte Russe has more than 500 stores, and the company has 10 Peek Kids stores from its children's division that it launched in 2016.

A store that sells clothing for women is closing at Premium Outlets, part of a series of national closures.

The company announced Wednesday evening on their website sales will start Thursday, March 7 at all remaining stores.


The company announced in February it began the process of Chapter 11 bankruptcy.

In 2009, Charlotte Russe was acquired by private equity firm Advent International for $380 million. Other brands, including most recently Family Dollar, have been able to stay afloat, but are paring down locations. A DE bankruptcy court approved the closure plan on Wednesday.

The San Diego-based mall chain confirmed on Wednesday that a judge had approved the sale of Charlotte Russe's assets to a liquidation company. That's what happened with USA operations of Toys "R" Us a year ago.

Retailers often file for bankruptcy with the intention of staying in business, only to end up closing all of their stores during the bankruptcy process.

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