Charlotte Russe Sells Brand

Charlotte Russe has sold its flagship brand and Peek Kids brands to different entities, according to Retail Dive.

License Global

April 2, 2019

1 Min Read

The Charlotte Russe brand and its related intellectual property were sold to North American fashion company YM Inc. The Peek Kids brand and its related intellectual property were sold to women’s and children’s apparel manufacturer and marketer Mamiye Brothers, according to Retail Dive. The amount of each transaction was not disclosed.

The remaining nine Peek Kids stores will close within weeks, and in June, Mamiye will launch a growth plan with a focus on digital direct-to-consumer sales and wholesale.

Last month, a bankruptcy judge gave Charlotte Russe clearance to liquidate and shutter it hundreds of stores, Retail Dive reports.

About the Author(s)

License Global

License Global is the leading news source for the brand licensing industry, delivering award-winning editorial content including news, trends, analysis, and special reports about the global consumer product and retail marketplace.

Through its print edition, website, daily e-newsletter and event publications, License Global reaches more than 150,000 executives and professionals in all major markets. The magazine also serves as the official publication for the sector’s trade events, which include Licensing Expo, Brand Licensing Europe, Licensing Expo Japan, Licensing Expo Shanghai and the Licensing Leadership Summit.

Subscribe for updates directly into your inbox.




Subscribe and receive the latest news from the industry Article
Join 62,000+ members. Yes, it's completely free.

You May Also Like