Express, Inc. Aktie News

U.S. mall giant Simon Property Group Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion.

ARAB, Ala.--(BUSINESS WIRE)-- #AdhesivesShipping--Cold Box Express, Inc. (CBX) has rebranded both the company and its products ClimateCrate™ and ClimateCrate™ Express (formerly COLD BOX).

The bankruptcy of apparel retailer Express, Inc. was long in coming and widely anticipated. Like the year-ago wreck of Bed Bath & Beyond (BB&B), the Express story sounded familiar at first–Wall Street vulture capitalists plundering another debt-hobbled enterprise.

The operator of Express, Express Factory Outlets, Bonobos, and UpWest stores has filed Chapter 11.

With young consumers' fashion habits rapidly evolving alongside quickly changing social media trends, Express has not been able to keep up.

Express will permanently close the doors of over 100 stores across two of its brands, Express and UpWest. The bulk of the closures – 95 – will be Express.

Express, a multi-brand fashion retailer whose portfolio includes Express Express , Bonobos, and UpWest, has filed for Chapter 11 bankruptcy and intends to close more than 100 stores. The move, according to the company, is to better position Express for stronger growth in the future.

Express Inc. said Monday that it was closing 95 Express-branded stores as part of its bankruptcy plan.