CHARLOTTE — Express Inc. is closing more than 100 stores across multiple brands as a potential sale looms. The retailer’s Charlotte store at Northlake Mall is among the locations slated for closure.
The Columbus, Ohio-based retailer today said a consortium led by WHP Global and including a subsidiary of Simon Property Group LP and Brookfield Properties have sent the company a non-binding letter of intent to acquire a “substantial majority” of Express’ retail stores and operations.
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Express also said it has filed for Chapter 11 bankruptcy protection in Delaware.
Express will close 95 of its namesake stores and all 12 UpWest brick-and-mortar locations.
Read more here.
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