Houston — Francesca’s Holdings Corp. will close 140 stores throughout the country by Jan. 30, 2021, the Houston-based women’s apparel and accessories retailer announced on Nov. 16. According to The Wall Street Journal, the 140 shuttered stores represent about 20% of the company’s total store count. Francesca’s also said that if the company is unable to raise sufficient capital to continue funding operations and paying obligations, it will likely seek to restructure its debt load by filing for Chapter 11 bankruptcy. Francesca’s stock price opened at $3.53 per share on …
Francesca’s Holdings Corporation
Houston — Sei Jin Alt, chief merchandising officer of Francesca’s Holdings Corporation, plans to resign from the company to spend more time with her family and pursue other interests. The company has initiated a search for a new chief merchandising officer. To facilitate a smooth transition, Alt will remain in her current role until November 20, 2015.