NEW YORK (AP) — A U.S. bankruptcy judge has approved the sale of the majority of Express Inc. 's operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.
FILE - A storefront of Express , Inc. a fashion apparel retailer, shown Jan. 22, 2020, in Paradise Valley, Ariz. A U.S. bankruptcy judge has approved the sale of Express Inc. to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.
The group that won grant approval for the sale is a newly-formed retail operating platform called “Phoenix” — which WHP announced Friday in collaboration with mall operators Simon Property Group, Brookfield Properties and Centennial Real Estate.Phoenix will operate all direct-to-consumer commerce for Express and Bonobos in the U.S., accoridng to WHP — maintaining the brands’ more than 450 stores, e-commerce operations and nearly 7,000 jobs nationwide.that Express Inc.
Inc. Bankruptcy Recessions And Depressions Finance Business Phoenix Chimpanzees Business Simon Property Group Inc.
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