Home / Knowledge / News / Fashion / YM adds Charlotte Russe to portfolio of top fashion brands

YM adds Charlotte Russe to portfolio of top fashion brands

03
Apr '19
Pic: YM Inc
Pic: YM Inc
Charlotte Russe Holdings Corporation has sold the Charlotte Russe brand and related intellectual property to YM Inc (Sales), one of North America's largest fashion houses dedicated to delivering leading-edge fashion apparel at affordable prices. As a fashion brand for young women, Charlotte Russe offers affordable on-trend apparel, shoes and accessories.
 
“We are very excited Charlotte Russe will be joining the portfolio of brands at YM. This acquisition marries a beloved brand with a sophisticated retail platform and provides Charlotte Russe a path to grow in the future. We thank our loyal customers and employees for sticking by us through the past several months,” said Dayna Quanbeck, interim CEO of Charlotte Russe in a statement.
 
“Charlotte Russe is an iconic retailer and we could not be more excited to have them join the YM Group. We believe that this acquisition aligns well with our growth strategies and will further strengthen our mission to exceed customer expectations by delivering fast fashion at amazing value,” said Eric Grundy, CEO of YM Inc.
 
Earlier this year, Charlotte Russe had filed for bankruptcy protection and announced plans to close 94 of its 512 stores across the US. It had 8,700 employees and stores in every US state except Alaska at the time of its bankruptcy filing. It also owned 10 children’s clothing stores under the Peek brand, which it acquired in 2016. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

European Council gives nod to start trade talks with US

Apparel/Garments | On 20th Apr 2019

European Council gives nod to start trade talks with US

The European Commission has welcomed a decision by the European...

Bangla handloom industry declines by 45% in 15 years

Textiles | On 20th Apr 2019

Bangla handloom industry declines by 45% in 15 years

The traditional handloom industry in Bangladesh has witnessed a...

US apparel sales down 2.6% in 2019 y-o-y: NRF

Apparel/Garments | On 20th Apr 2019

US apparel sales down 2.6% in 2019 y-o-y: NRF

Sales of clothing and clothing accessory stores were down by 2.6 per...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search