Charlotte Russe is expected to close all of its stores and is in talks to sell its intellectual property.
In a statement, the young women’s clothes chain says it is talking with a buyer interested in keeping the brand alive in brick and mortar form. But on Wednesday, a judge approved the sale of Charlotte Russe’s assets to a liquidation company.
Going out of business sales are expected to begin Thursday and last no later than April 30.
The retailer’s online store has already closed.
Charlotte Russe has a location in Sioux Falls and Rapid City.