Liquidation firm SB360 Capital Partners bought the chain's assets but not its intellectual property. That means "the store's brand could come back in some form in the future," the Wall Street Journal reported.
>> Read more trending news
"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," Charlotte Russe told the news outlets in a statement.
Liquidation sales begin Thursday and will end by April 30, USA Today reported.
Read more here or here.