Charming Charlie yesterday announced that it has successfully completed its financial restructuring and emerged from chapter 11 protection, according to a press release. The company's court-confirmed reorganization plan went into effect yesterday, and Charming Charlie is emerging with an improved financial position and capital structure. Kirkland & Ellis LLP served as the Company's legal counsel, AlixPartners LLP served as its restructuring advisor, and Guggenheim Securities, LLC served as its investment banker.
