Beloved Clothing Retailer Files for Bankruptcy, Will Close about 95 Stores

Clothing retailer, Express Inc. is the latest major company to file for Chapter 11 bankruptcy. The company announced early Monday morning that it has received a non-binding letter of intent from a consortium led by WHP Global, and participants including a wholly owned indirect subsidiary of Simon Property Group and Brookfield Properties for the potential sale of a substantial majority of the company’s retail stores and operations. Click here to learn more.