Charlotte Russe Inc., a mall-based fast-fashion retailer, is reassessing its future, including a possible sale or bankruptcy, less than a year after reaching a deal with its lenders to slash debt, WSJ Pro Bankruptcy reported. The retailer recently hired Guggenheim Securities to explore strategic alternatives. The chain of more than 500 stores reached a restructuring deal with its lenders in February 2018 to cut its total debt load to $90 million from $214 million, slashing the company’s interest payments in half. The company believes it could avoid a chapter 11 filing if it can find a deal that would allow it to increase its size and scale, possibly through a sale to another retailer or through a partnership.
