Women’s boutique and specialty retail brand Francesca’s, once a mall store staple, will “cease” operations and close all stores across the country, the Houston-based retailer announced in a release.
The Friday announcement coincided with the boutique’s Chapter 11 bankruptcy filing, the release said, with Tiger Group, SB360 Capital Partners and GA Group acting as advisors. According to the announcement, court-approved store closing sales across the brand’s “entire fleet” have begun.
“Major discounts” will be offered at all Francesca’s boutiques and outlet stores across 45 states, the announcement said. Discounted items include sweaters, cardigans, blouses, skirts, loungewear, denim, dresses, rompers, jumpsuits, jewelry, gifts, accessories and more…