Overview
- Francesca’s confirmed via customer service email that it is liquidating inventory and closing soon, with no official closing dates announced.
- Liquidation sales appeared on the website as a warehouse sale, and in-store sell-offs were reported to begin Friday, according to multiple outlets.
- Employees and merchants reported abrupt job losses, with LinkedIn posts describing immediate closures and roles ending without notice.
- Vendors say they have gone unpaid for months, with one estimating about $250 million owed and alleging the liquidation includes unpaid inventory.
- The company previously went through a 2020 Chapter 11 and a 2021 sale to a TerraMar Capital affiliate, and outlets have not confirmed any new bankruptcy filing tied to the current wind-down.