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RETAIL (NON-INTERNET/MOBILE) | Apparel & Accessories
charlotterusse.com

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Founded Year

1975

Stage

Dead | Dead

About Charlotte Russe Holding

Charlotte Russe is an American clothing retail chain store that operates in the United States, headquartered in San Francisco, California.

Charlotte Russe Holding Headquarter Location

San Francisco, California, 92117,

United States

858-211-7271

Latest Charlotte Russe Holding News

Charlotte Russe Holding – SB360 Capital Partners Named as Successful Bidder for Debtors’ Inventory Assets

Mar 7, 2019

294] the Court that further to an existing bidding procedures order [Docket No. 199], the Debtors had selected SB360 Capital Partner, LLC (“SB360”) as the successful bidder in an auction of the Debtors’ inventory assets held on March 5, 2019. SB360 outbid a joint venture composed of Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners (the “Hilco/Gordon Brothers JV”), agreeing to pay 37.0% of the aggregate retail value of the Debtors’ merchandise subject to that retail value being $160.0mn or greater. In the event that the retail value is less than $160.0mn, the parties have agreed to a sliding, descending scale (eg 32.8% at $140.0mn) which is attached as Exhibit 3.1(b) to the agency agreement, dated March 6, 2019, between the Debtors and SB360 (the “Agency Agreement”). The Hilco/Gordon Brothers JV, which had served as a stalking horse bidder with an opening bid of 32.0%, has agreed to serve as back-up bidder with a bid of 36.6%. The Debtors’ notice attaches a copy of the Agency Agreement and a redline to show changes from the earlier agreement (now moot) between the Debtors and the stalking horse, Hilco/Gordon Brothers JV [Docket No. 170]. The following documents were attached to the notice: Exhibit A: Auction Transcript

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