San Francisco — On February 3, 2019, Charlotte Russe Holdings Corporation voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company plans to close approximately 94 of its 500+ stores.
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Topeka, Kan. — Payless ShoeSource has successfully emerged from its Chapter 11 restructuring as the Number 1 specialty footwear retailer in the U.S. and one of the largest in the world with about 3,500 brick-and-mortar stores. Following the completion of the company’s restructuring, Paul Jones will retire as CEO.