Charlotte Russe
PE-Owned1 Documented ImpactAdvent's $380M acquisition failed to adapt to changing fashion retail. All 512 stores liquidated in 2019.
Ownership Information
Charlotte Russe is owned by Advent International. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Charlotte Russe founded
Acquired by Advent International for $380 million
Charlotte Russe liquidated all 512 stores after Advent acquisition
Advent International's $380M acquisition failed to adapt to shifting teen fashion retail. All stores closed by May 2019.
Before vs. After PE Acquisition
Store count
Reported 2019
Before PE
512 stores
After PE
0 (liquidated)
↓ 100%
Tracked Locations
CA (1)
San Diego
8798 Main St
San Diego, CA 92101
555-525-2368
IL (1)
Chicago
5148 Main St
Chicago, IL 60601
555-305-2057
NY (1)
New York
2784 Main St
New York, NY 10001
555-676-6496
PA (1)
Pittsburgh
6754 Main St
Pittsburgh, PA 15201
555-828-9239
TX (1)
San Antonio
7048 Main St
San Antonio, TX 78201
555-310-6130