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<a href="https://smartkarma.com/entities/express-inc">Express</a> Inc. filed for Chapter 11 bankruptcy protection in April 2024, citing significant debt and declining sales amidst a challenging retail environment. This followed years of deteriorating financial performance, characterized by revenue stagnation, margin compression, and negative cash flows.</li>
  <li>In June 2024, a consortium led by brand management firm WHP Global, in partnership with mall operators Simon Property Group and Brookfield Properties, received court approval to acquire the majority of <a href="https://smartkarma.com/entities/express-inc">Express</a>'s operations for approximately $174 million. The new operating entity, named PHOENIX, will manage the direct-to-consumer operations for the <a href="https://smartkarma.com/entities/express-inc">Express</a> and Bonobos brands in the U.S.</li>
  <li>The go-forward strategy involves significant restructuring, including the closure of approximately 95 <a href="https://smartkarma.com/entities/express-inc">Express</a> retail stores and all UpWest locations to right-size the company's physical footprint. The new ownership aims to revitalize the brands and stabilize the business, though the outlook remains highly uncertain given the intensely competitive apparel market and the company's historical challenges.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Express Inc. filed for Chapter 11 bankruptcy protection in April 2024, citing significant debt and declining sales amidst a challenging retail environment. This followed years of deteriorating financial performance, characterized by revenue stagnation, margin compression, and negative cash flows.
  In June 2024, a consortium led by brand management firm WHP Global, in partnership with mall operators Simon Property Group and Brookfield Properties, received court approval to acquire the majority of Express's operations for approximately $174 million. The new operating entity, named PHOENIX, will manage the direct-to-consumer operations for the Express and Bonobos brands in the U.S.
  The go-forward strategy involves significant restructuring, including the closure of approximately 95 Express retail stores and all UpWest locations to right-size the company's physical footprint. The new ownership aims to revitalize the brands and stabilize the business, though the outlook remains highly uncertain given the intensely competitive apparel market and the company's historical challenges.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Express

Primer: Express (EXPR US) - Nov 2025