Headlines

Charlotte Russe Up For Sale

Trendy women’s apparel retailer began exploring options in January

Published

15 years ago

March 11, 2009

VMSD Staff

Charlotte Russe (San Diego) has put itself up for sale after reviewing its strategic alternatives, a person with knowledge of the matter told The New York Times’ DealBook.

The retailer, which sells clothing for young women, began exploring a potential sale in January and has retained Cowen & Company as its financial adviser. According to The Times, potential bidders include strategic firms and private investors. In November, the company received an offer from investment firms KarpReilly and H.I.G. Capital, which withdrew their bid after it was rejected. KarpReilly recently nominated three candidates for Charlotte Russe’s seven-member board, while potentially still bidding for the company.

Founded in 1975, Charlotte Russe has 6363 employees. The company replaced its management team, including its chief executive, chief financial officer and its president of merchandising, after its profits fell.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design