💥Express Lane to Bankruptcy💥
Plus: More on Double Dip Financings!
On April 22, 2024, OH-based Express Inc. ($EXPR) and 11 affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Owens). EXPR is an omnichannel fashion retail company (comprised of brands, Express, UpWest and Bonobos) with (i) 600 stores throughout the United States and Puerto Rico and (ii) e-commerce…