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

The popular fashion retailer, Express, has officially filed for bankruptcy, announcing the imminent closure of 100 stores nationwide. This decision is due to intensified financial difficulties brought on by decreased in-store sales and Covid-19-related hardships. Despite this setback, there may be a glimmer of hope for the brand. A group of investors has emerged, expressing interest in rescuing the company and allowing it to continue operations in a restructured format. This could potentially save the remaining outlets from closure and protect the jobs

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