Charlotte Russe
PE-Owned1 Documented ImpactAdvent's $380M acquisition failed to adapt to changing fashion retail. All 512 stores liquidated in 2019.
Founded: 1999|Acquired by Advent International (2009) — $380 million
4
locations tracked
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
1999
Charlotte Russe founded
2009
Acquired by Advent International for $380 million
2019CriticalClosure / Bankruptcy
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%
Community Reviews
Share your experience →Tracked Locations
AZ (1)
Phoenix
3989 Main St
Phoenix, AZ 85001
555-314-1630
FL (2)
Miami
4626 Main St
Miami, FL 33101
555-676-5015
Miami
6883 Main St
Miami, FL 33101
555-323-6101
TX (1)
Dallas
2310 Main St
Dallas, TX 75201
555-785-4490