Monday, January 7, 2019

WSJ: Charlotte Russe mulls sale, bankruptcy

Retail Dive
Mall-based teen retailer Charlotte Russe is reportedly considering a sale or bankruptcy, people familiar with the matter told The Wall Street Journal on Friday.

The retailer hired Guggenheim Securities recently to explore strategic alternatives, the sources told the Journal.

A bankruptcy could be avoided if the retailer can strike a deal that allows it to scale, potentially through a sale or partnership of some kind, one of the sources said.. . . more