Crossroads Center Mall Express Store Closing Down Amidst Chapter 11 Filing

Saint Cloud, MN, USA / KNSI

Jennifer Lewerenz

Apr 23, 2024 | 9:47 AM

AP Photo/Ross D. Franklin, File

(KNSI) — The Express store at Crossroads Center Mall is closing after the company filed for Chapter 11 bankruptcy protection.

Express, Inc. is looking to sell the majority of its stores and has received a letter of intent from WHP Global as a potentially interested buyer. WHP Global is looking to buy up a good chunk of the company’s retail stores and operations. To help the sale move forward, Express, Inc. filed voluntary Chapter 11 petitions and secured a commitment for $35 million in new financing, subject to court approval. It received $49 million in cash from the IRS related to CARES Act funding and announced the closure of nearly 100 stores. Chapter 11 allows a debtor to propose a reorganization plan to stay in business and repay creditors.

The closing sales at affected stores are scheduled to begin today, Tuesday, April 23rd. Company officials say online sales will continue without interruption.

The next closest Express brick-and-mortar location is the Shops at Albertville.

___

Copyright 2024 Leighton Media. All rights reserved. This material may not be broadcast, published, redistributed, or rewritten, in any way without consent.

Minnesota State Patrol Cracks Down on Speeding with New Rural Focus

(KNSI) - The Minnesota State Patrol is launching a new initiative to target speeding on rural roads throughout the spring and summer. Each State Patrol district will identify and patrol problematic roadways to both deter speeding and educate drivers ...

Jennifer Lewerenz 3h ago

CentraCare Propels Forward as St. Cloud Planning Commission Greenlights Expansion Plan for Plaza Campus

(KNSI) - The St. Cloud Planning Commission unanimously approved a proposal from CentraCare to add three buildings at its plaza campus. Vice President, Facilities Management David Larson spoke with KNSI News after the vote, saying it was a new era for...

Grant Dossetto 9h ago

Booze Free Bash at Bella Vita Salt Caves

Originally published May 9th, 2024 at 11:15 a.m. Updated May 15th, 2024 at 6:47 a.m. (KNSI) - Curious Elixirs is hosting the Great Curious Cocktail Party on May 15th. The company was started eight years ago by JW Wiseman, who was looking for a tasty...

Jennifer Lewerenz 8h ago

CentraCare St. Cloud Hospital Achieves Another Medical First

(KNSI) - CentraCare St. Cloud Hospital continues to push the boundaries of its 4D hologram technology. The local medical provider is using the innovative system to accomplish another medical first. The CentraCare Heart & Vascular Center recently ...

Jake Judd 2h ago

FOLLOW US FOR INSTANT UPDATES!

FOLLOW US FOR INSTANT UPDATES!

No feed items available at this time.

Pause Auto-Update | Back to Top