Charming Charlie Will File For Chapter 11 Bankruptcy

Charming Charlie will close all 261 of there stores and file for chapter 11 bankruptcy. The clothing retailer claims to only have $6,000 in the bank.

Amazon Essentials Women’s Studio Terry Jogger, Black, L

Charming Charlie currently has an estimated $82 million of debt. This will be their second bankruptcy filling in 2 years.

“The Debtors once again face issues similar to those that precipitated filing the Prior Cases: unsustainable operating expenses, including onerous leases, and constrained liquidity under our loan documents. This lack of liquidity has resulted in reduced inventory, further exacerbating the Debtors’ lack of availability under their asset based loan. These factors combined with the continued decline of the brick-and-mortar retail industry have made it increasingly difficult for the Debtors to support their cost and capital structure.” – Charming Charlie Official Statement

Charming Charlie official liquidation sale will begin in August 2019.

Create Amazon Business Account



Categories: Money

Tagged as: , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: