Express, Inc.
Case Number:
1:24-bk-10831
Court:
Nature of Suit:
Firms
- Chipman Brown
- Frost Brown
- Klehr Harrison
- Klestadt Winters
- Kurtzman Steady
- McCreary Veselka
- Morris Nichols
- Richards Layton
- Ropes & Gray
- Singer & Levick
- Wachtell Lipton
Companies
Sectors & Industries:
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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.
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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.
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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.
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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.
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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.
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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.
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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.