Thursday, April 26, 2018

Charming Charlie emerges from bankruptcy with a smaller footprint, new owners

Chain Store Age

Charming Charlie is no longer bankrupt. But it has fewer stores.

The jewelry and accessories retailer said it successfully completed its financial restructuring and emerged from Chapter 11, with its court-confirmed reorganization plan taking effect today, April 24, 2018. Charming Charlie filed for bankruptcy protection in December, after announcing plans to shutter a number of underperforming stores and reduce corporate headcount. It has since closed roughly 100 locations.. . . more