Overview
- The Houston-based retailer filed for Chapter 11 on Feb. 5 in the U.S. Bankruptcy Court for the District of New Jersey.
- Court‑approved liquidation sales are underway at roughly 450–457 boutiques nationwide with 25%–40% discounts and continuing new merchandise deliveries.
- Advisers Tiger Group, SB360 Capital Partners and GA Group are managing the sales process across the full store fleet.
- Bankruptcy filings list 1,000 to 5,000 creditors, $10 million to $50 million in assets and $50 million to $100 million in liabilities, with motions seeking to maintain operations and pay wages and benefits.
- Final closure dates have not been specified, and the company has not responded to recent media queries; Francesca’s previously restructured in 2020 after a Chapter 11 sale.