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Express Inc. — once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M — has filed for Chapter 11 bankruptcy protection.
Increasingly casual fashion put the onetime mall favorite "firmly on the wrong side of trends," one analyst said.
Breaking News, Sports, Manitoba, Canada
Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores.
Bankrupt Express Inc. has a nonbinding offer from a consortium led by WHP Global that includes Simon Property Group & Brookfield Properties.