Charlotte Russe
Advent's $380M acquisition failed to adapt to changing fashion retail. All 512 stores liquidated in 2019.
- FOUNDED
- 1999
- ACQUIRED
- Advent International, 2009, $380 million
- IMPACTS
- 1 documented
Find a local alternative
Look for clothing boutiques instead.
check if a business is PE-ownedexcludes Burlington Coat Factory (Canada), Forever 21, Gymboree
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1999
Charlotte Russe founded
2009
Acquired by Advent International for $380 million
2019
Charlotte Russe liquidated all 512 stores after Advent acquisition
CriticalClosure / BankruptcyAdvent International's $380M acquisition failed to adapt to shifting teen fashion retail. All stores closed by May 2019.
Before / After
MetricBefore PEAfter PEΔ
Store count
reported 2019
before 512 stores
after 0 (liquidated)
-100%
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