Express’s stock jumps despite bankruptcy concerns
Express Inc.’s stock was up 29% on Thursday, but was still down 38% on the week, amid concerns that the troubled clothing retailer may be close to filing for bankruptcy.
Express has hired M3 and law firm Kirkland & Ellis to advise it on the restructuring of nearly $280 million of debt that has become challenging to cover amid declining sales, the Wall Street Journal reported earlier this week.
The…
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