Charlotte Russe Closing All Stores

Charlotte Russe Closing All Stores

By Kristi Blokhin

photo credit: Kristi Blokhin // Shutterstock

Last month, Charlotte Russe announced that it would be closing 94 of its stores across the country, but now they have announced all stores will be closing over the next two months. After filing for bankruptcy a month ago, they planned to get rid of debt and sell to a buyer willing to keep the company in business, but when Capital Partners won the company in an auction, they decided on Wednesday to shut it all down and liquidate. The company won Charlotte Russe’s $160 million inventory.

If you have gift cards, hurry up and use them! By the end of April, all stores will be closed.

Written by Clarke Jones

Source: CNN