Mall-based women’s apparel retailer Charlotte Russe Holding Inc. said Wednesday that it is considering a sale of the company among other strategic alternatives to increase long-term growth and profitability. The firm reported a first-quarter loss on marginally higher sales.
Charlotte Russe said it has received interest from third parties but “no timetable has been set for completion of the review” and there is “no assurance that any transaction will result.” The San Diego-based junior retailer hired Cowen and Co. LLC for financial counsel and Covington & Burling LLP and Cooley Godward Kronish LLP for legal counsel.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"