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.
If you are interested in discussing the
financial aspects pertaining to the company listed on this page,
please share your thoughts in the comments section below.
Discussion topics may include any business details that you
believe could potentially impact the financial strength or
weakness of the company. For example, the company may have
negotiated a new licensing deal that you believe is important.
Or possibly they have hired a new public relations firm or
received a unique celebrity endorsement. If any
interesting activity has taken place, please bring that issue up
for discussion and debate. You are welcome to provide
facts or ask questions about business strategy, corporate
executives, brand portfolios, historical stock prices, business
news, SEC filings, stock charts, etc. Anything relevant to
investor relations, the company's products or services,
financial information, or corporate policy is open for
discussion. Feel free to share your wisdom in the social
comment area below. Please keep all discussions directly
relevant to the topic of the company listed on this page.