Less than a month after filing for bankruptcy and announcing it would be closing its stores, fast-fashion mall retailer Charlotte Russe is relaunching and reopening 100 locations.
Charlotte Russe Holdings Corp. and its subsidiaries announced in a news release that they successfully sold the brand and intellectual properties to YM Inc., a North American fashion house.
Charlotte Russe's social media pages and its website tease a brand-new online shopping experience. The online store initially closed soon after it was announced that the company filed for bankruptcy.
"We are very excited Charlotte Russe will be joining the portfolio of brands at YM. This acquisition marries a beloved brand with a sophisticated retail platform and provides Charlotte Russe a path to grow in the future," Dayna Quanbeck, interim CEO of Charlotte Russe, said in a statement. "We thank our loyal customers and employees for sticking by us through the past several months."
Charlotte Russe is well-known for offering affordable, trendy clothing, shoes and accessories for young women.
TRENDING STORIES