Express filed for Chapter 11 bankruptcy as an investor group led by brand management firm WHP Global looks to acquire most of its assets.
The longtime mall retailer has failed to stay on trend and keep up with shifting consumer demand, which has led sales to plummet in recent years.
Express, whose portfolio includes its namesake banner, UpWest and Bonobos, said operations will continue as normal but 95 Express stores and all UpWest stores will close.