Charlotte Russe closes 94 stores. (Photo11: Kelly Tyko, USA Today)
Charlotte Russe, the bankrupt women's clothing chain, talks to potential buyers, but if no winning bid is accepted, it should start closing its stores and operations in early March.
While discussing a sale that could keep her in business, the San Diego-based company said on Tuesday that it is also seeking court approval from a team to oversee its possible liquidation.
On March 3, the potential offers are presented in a provisional calendar, two days later, at auction.
"In the event that a transaction in operation would not be retained as the highest or the best bid after the conclusion of the auction," said Charlotte Russian in a statement, "the company will facilitate an orderly liquidation of all its operations ". locations and activities of stores starting on or about March 7, 2019. & # 39; & # 39;
The chain based at the mall, who filed for bankruptcy protection earlier this month, then announced that it would close about 94 of its more than 500 stores. At the present time, no other place is added to this list.
If Charlotte Russe can not find a buyer, it would only be the last big retailer to close. Toys R Us and Bon Ton closed their doors after being unable to perform their returns in the middle of a landscape marked by the rise of Amazon, big box giants like Walmart and favorites of fast fashion like Zara and H & M.
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Charlotte Russe had announced an agreement to renegotiate the terms of part of her debts more than a year ago. After the bankruptcy, the company obtained a financial envelope of up to $ 50 million to keep it in operation.
The company employs over 8,700 people.
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