Charlotte Russe History & Historical Profile

Historical Record

4645 Morena Blvd. San Diego, CA 92117 USA +1-858-587-1500 (Phone) 858-587-0902 (Fax) https://www.charlotterusse.com

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. 2009 Summary: 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.

Charlotte Russe 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.