Express has received a letter of intent from one of our key strategic partners, WHP Global, together with Simon Property Group and Brookfield Properties, that contemplates an acquisition of a substantial majority of our retail stores and operations. To facilitate this sale process, Express has initiated voluntary court-supervised Chapter 11 proceedings.
The proposed transaction will provide Express with additional financial resources, better position the business for profitable growth and maximize value for the Company’s stakeholders.
Court filings and other information are available on a website administrated by the Company’s claims agent, Stretto, at https://cases.stretto.com/Express.
Representatives of Stretto can also be reached by calling (855) 337-3537 (Toll-Free) or (949) 617-1363 (International), or by sending an email to ExpressInquiries@Stretto.com.
Michael Freitag / Aura Reinhard / Haley Salas / Viveca Tress
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449