Charlotte Russe Closing 95 Stores After Chapter 11 Filing
PYMNTS
FEBRUARY 4, 2019
Charlotte Russe, a retailer aimed toward young women’s fashion, has filed for Chapter 11 bankruptcy protection, according to reports. However, USA Today reported that the Pension Benefit Guaranty Corporation (PBGC) is against the deal, alleging that it aims to inappropriately obtain ownership of the chain’s Kenmore and DieHard brands.
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