Charlotte Russe news and archive

Former Charlotte Russe CEO joins Poshmark board of directors

Jenny Ming, former CEO and president of fashion brand Charlotte Russe, has joined the board of directors of resale platform Poshmark. Ming, who also sits on the board of Levi’s and Paper Sauce, is the seventh member to join Poshmark’s board, following the appointment of tennis player Serena Williams earlier this year. Ming led Charlotte Russe...

Retail

Charlotte Russe re-launches retail locations following sale

American fast fashion brand Charlotte Russe is opening several stores following store closures and bankruptcy earlier this year. The chain filed for Chapter 11 bankruptcy in February, then announced a month later that it would close all of its 512 stores across the U.S. However, YM Inc. bought the Charlotte Russe brand and related intellectual...

Business

Charlotte Russe Holdings confirms sale of brands

American fashion brand Charlotte Russe Holdings Corporation, which filed for Chapter 11 bankruptcy in February, has confirmed that it has successfully sold the Charlotte Russe brand and related intellectual property to YM Inc., one of North America's largest fashion houses dedicated to delivering leading-edge fashion apparel at affordable...

Retail

Charlotte Russe closes all business following bankruptcy

Charlotte Russe will be closing down all of its stores. The American fast fashion brand, which has been around for 40 years and caters mainly to teens, has been struggling financially for some time. It had filed for Chapter 11 bankruptcy early last month along with plans to shutter 94 of its stores. The company started the search for a new buyer...

Report

Charlotte Russe files for bankruptcy, to close 94 stores

Women’s fashion retailer Charlotte Russe Holdings Corporation together with its subsidiaries has voluntarily filed for relief under Chapter 11 of the bankruptcy code in the U.S. Bankruptcy Court. The company said in a statement that it intends to use these proceedings to facilitate closure of it 94 stores, while continuing to pursue a...

Report

Charlotte Russe makes moves to avoid bankruptcy in 2018

San Francisco-based retailer Charlotte Russe is ending the year with a struggle. The future of the company, which has been working to restructure its debt without going into bankruptcy, currently hangs in the balance due to the mercy of shopping mall owners. In order to stay afloat without filing for Chapter 11 bankruptcy, Charlotte Russe will...

Retail

Charlotte Russe improves online buying while mall shopping continues to decline

Women’s clothing retailer Charlotte Russe is stepping up its performance. IBM just announced that the retailer is using Watson Customer Engagement solutions on IBM Cloud that ultimately helps the retailer process record online sales. Last year, Charlotte Russe was able to partner with IBM in order to analyze American consumer shopping habits and...

BusinessFeatured

Charlotte Russe receives a downgrade rating from Moody's

San Francisco-based company Charlotte Russe recently got a downgrade for its loans. The fashion retailer was downgraded from Moody’s, an investors service known for company research and investing information. Charlotte Russe’s senior secured loans that were due 2019 were downgraded by the investors company from B2 to B3. Moody’s has a large...