Charlotte Russe Floats $5M Ch. 11 Sale Of IP, Lease Assets

By Vince Sullivan (March 19, 2019, 8:32 PM EDT) -- Bankrupt women's clothing and accessories retailer Charlotte Russe Holding Inc. asked a Delaware bankruptcy judge Tuesday for permission to sell its remaining intellectual property and real estate lease assets for $5 million after completing a $59 million liquidation transaction for its more than 500 stores earlier this month.

In the motion, Charlotte Russe said it had reached terms for a sale of the remaining assets with buyers YM Inc. and CR LLC on Tuesday after several weeks of negotiations that began during breaks in the debtor's March 5 all-asset auction, which did not include the intellectual property or unexpired lease assets....

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