Monday, December 18, 2017

Charming Charlie’s the Next Retail Filing in 2017?

On December 11, 2017, Charming Charlie Holdings, Inc. (“Charming Charlie”), the Houston–based fashion jewelry and accessories chain filed a Chapter 11 Bankruptcy Case in the United Bankruptcy Court for the District of Delaware. Charming Charlie has closed about 100 of its 360 stores. Further, its New York City flagship location on Fifth Avenue will soon close.

The company is working with turnaround advisor AlixPartners LLP, in addition to other restructuring advisors and attorneys.

More than 15 retailers, including Toys “R” Us Inc, the largest toy seller in the U.S., have filed for bankruptcy this year.

If you are a landlord with a Charming Charlie, it is important to know your rights, now. Stark & Stark’s Shopping Center Group can help. Our bankruptcy attorneys regularly represent landlords throughout the country, including recently in the Eastern District of Missouri, District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota and Eastern District of Pennsylvania on a variety of issues.

Most recently, our Group has represented landlords and trade creditors in the Macaroni Grille, Joe’s Crab Shack, Payless, Eastern Outfitters (EMS Part 2), EMS, Golfsmith, RadioShack, General Wireless (RadioShack Part 2), Gander Mountain, A&P, Joyce Leslie, and Sports Authority Chapter 11 bankruptcy cases.

For more information on how Stark & Stark can assist you, feel free to contact the author of this blog.



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