Charming Charlie, Back in Bankruptcy, to Close All Stores
- More than 3,000 jobs at about 261 outlets are at risk
- Only $6,000 of cash is left after turnaround effort collapses
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Fashion accessory retailer Charming Charlie will close all its stores after going bankrupt for the second time in less than two years. More than 3,000 full- and part-time employees could lose their jobs.
Charming Charlie Holdings Inc. filed for Chapter 11 protection in Delaware with plans for going-out-of-business sales at about 261 stores, according to court documents. The chain expects the liquidation to take about two months.