Charlotte Russe Holdings Corp. could close all 500 stores, including at the Dayton Mall and Mall at Fairfield Commons, if it doesn’t find a bidder that will keep the company going within one week.
The company filed for Chapter 11 bankruptcy earlier this month, announcing that it will close at least 94 of its roughly 500 stores. The store at Liberty Center was the only area store on the list to close.
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An initial “stalking horse” bid with liquidator Hilco Merchant Resources, LLC was filed in court last week, starting the countdown to the womens apparel retailer’s fate.
Other bids from potential buyers that could keep stores open are due one week from today with an auction to follow March 5, the company said in a statement.
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If no bidders offer to keep the company in business or a bid that would is not deemed the best offer, the company will begin to wind down its store locations and operations beginning around March 7, according to the release.
There is also a Charlotte Russe store at the Cincinnati Premium Outlets.
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