Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand

Express Inc., the renowned clothing retailer, has filed for bankruptcy with plans to close almost 100 of its stores, as per its recent announcement. The move is part of the company’s reorganization efforts to reduce debt under Chapter 11 of the U.S. bankruptcy law.

However, an investor group is stepping in with an aim to save the company. The group plans to acquire a distinct stake in the company and actively support it during the reorganization process. This move would provide Express with the financial