Author: Kelly Tyko / Source: USA TODAY
Charlotte Russe will close all of its stores and is in negotiations to sell its intellectual property, the company confirmed Wednesday.
“We are partnering with the buyer and remain in talks to sell the (intellectual property), are optimistic about the future of the brand, and remain in ongoing negotiations with a buyer who has expressed interest in a continued brick and mortar presence to continue to serve our loyal customers in the future,” the fashion retailer said in a statement to USA TODAY.
In a court hearing in Wilmington, Delaware, on Wednesday, Judge Laurie Selber Silverstein approved the sale of Charlotte Russe’s assets to SB360 Capital Partners LLC, a liquidation company.
According to court documents, store liquidation sales “shall commence no later than March 7” and end “no later than April 30.”
Like with other liquidation sales, all sales are…
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