francesca’s, a specialty retail brand known for its distinctive boutique-style experience, has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey. The filing is intended to facilitate a court-supervised process to maximize value for stakeholders.
Tiger Group, SB360 Capital Partners, and GA Group, acting as advisors to francesca’s, have commenced court-approved store closing sales across the company’s entire store fleet as part of the Chapter 11 process.
“Shoppers will find discounts of 25 to 40 percent off across all product categories, and new merchandise will continue to arrive at stores,” Michael McGrail, member of Tiger Group, said. “It’s an opportunity to add to or accessorize your wardrobe, find unique gifts or just go on a treasure hunt for extraordinary deals.”
The merchandise includes:
- Sweaters and cardigans
- Blouses, skirts, loungewear and intimates
- 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 and accessories
- And more
“This process provides a structured path to pursue the best outcome for all stakeholders,” Curt Kroll, chief financial officer of francesca’s, said. “We remain focused on operating responsibly and supporting our teams, partners and guests throughout this process.”
