February 2019 Summary: Charlotte
Russe files for Chapter 11 bankruptcy,
will close 94 stores. The company, which caters its items
toward young women's fashion, has more than 500 stores in 49
states and Puerto Rico.
October 2013 Summary: Charlotte Russe Holding is
sweet on young women's clothing. The mall-based retailer operates
about 500 Charlotte Russe clothing stores in some 45 US states and
Puerto Rico. The stores offer value-priced ($40 max) trendy apparel,
shoes, and accessories for women in their twenties and teens. Most
merchandise carries the company's proprietary labels (Charlotte
Russe, Refuge, and blu Chic). Stores have averaged about 7,100 sq.
ft. but the company is moving to a boutique-based 5,000 sq. ft.
layout with several "shops" each featuring a specific trend that
changes every month or so. Founded in 1975, Charlotte Russe is owned
by investment firm Advent International.
Charlotte Russe Holding,
Inc. , a leading mall-based specialty retailer for young women,
announced on August
24, 2009 that it has entered into
a definitive agreement to be acquired and taken private by investment funds managed
by Advent International Corporation,
a leading global private equity firm with significant expertise
in the retail sector.
stores deliver style in clothing and accessories, providing an exciting,
fashionable assortment of merchandise that compliments virtually
every facet of our customers' lifestyle. The stores provide fashion
and lifestyle needs of young, fashion-conscious women in their teens
and early twenties, offering trend right apparel and accessories
at value prices. With stores targeted at 6500 - 7000 square feet,
Charlotte Russe takes full advantage of its size by offering a much
broader assortment of merchandise than other competitors in our
category. In addition to a wide selection of apparel, Charlotte
Russe also offers a full range of accessories and footwear.
Their accessory assortments enable customers
to easily compliment their apparel selections.
About Advent International Corporation Founded
in 1984, Advent International Corporation is one of the world's
leading global buyout firms, with offices in 15 countries on four
continents. A driving force in international private equity for
25 years, Advent International Corporation has built an unparalleled
global platform of over 140 investment professionals across Western
and Central Europe, North America, Latin America and Asia. The firm
focuses on international buyouts, strategic repositioning opportunities
and growth buyouts in five core sectors, working actively with management
teams to drive revenue growth and earnings improvements in portfolio
companies. Since inception, Advent International Corporation has
raised $24 billion in private equity capital and, through its buyout
programs, has completed more than 250 transactions valued at approximately
$45 billion in 35 countries.
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