Fashion retailer Express will be doing some major restructuring of its company.
Express Inc. filed for Chapter 11 bankruptcy on Monday and intends to close over 100 stores.
The company plans to shutter about 95 Express locations and all of its UpWest locations. It owns Bonobos, as well, but does not plan to close these stores.
Store closings are expected to start as soon as Tuesday, April 23 although exact locations have yet to be announced.
Express Inc. listed its assets and liabilities in the range of $1-10 billion. A WHP Global-led investment group aims to acquire most of Express’ assets.
The company also appointed Mark Still to acting CFO and SVP. Still served as interim CFO since last year.
Express, which operates mainly in shopping malls, offers men’s and women’s apparel, like suits, dresses pants, jackets, underwear and accessories.
The company operates more than 500 Express and Express Faculty Outlet stores, 10 UpWest stores, and 58 Bonobos stores nationwide.
There are currently 17 Express stores in New Jersey.
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Christopher Burch can be reached at cburch@njadvancemedia.com. Follow him on Twitter: @SwishBurch. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips/.