In addition to the $50 million in inventory already on sale, Tiger Group, GA Group and SB360 Capital Partners are delivering $22 million in new items to the boutique-inspired stores and outlets. Discounts range from 30% to 60% off.
The three companies are selling these locations to the bare walls as part of the specialty retail brand’s previously announced Chapter 11 bankruptcy process.
“Thousands of distinctive accessories, gifts and apparel items are flowing into francesca’s stores from warehouse distribution centers and the retailer’s e-commerce operations, which ceased earlier this month,” Michael McGrail, member of Tiger Group, said. “Shoppers who have already visited their local francesca’s boutique or outlet should make a return trip ASAP. This is a rare opportunity to find amazing deals, with spring social events right around the corner.”
The new arrivals include:
- Sweaters and cardigans
- Blouses, skirts and loungewear
- Denim jackets and skirts
- Black dresses, party and floral dresses and wedding guest dresses
- Rompers and jumpsuits
- Rings, earrings, necklaces and bracelets
- Diverse collections of gifts, handbags and accessories
Furniture and fixtures from francesca’s corporate offices and warehouses are also available for sale.
