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Francesca's Files Bankruptcy, Begins Store‑closing Sales. How Many Are in Tennessee?
Francesca's, with over 450 boutiques, filed for bankruptcy owing up to $100M and is offering 25% to 40% discounts during nationwide liquidation sales.
- On Feb. 5, Francesca's filed for Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey, and by Feb. 12, 2026, it began nationwide store-closing sales.
- Facing mounting liabilities, Francesca's lists 1,000 to 5,000 creditors, $10 million to $50 million in assets, and plans to close 140 stores while employees confirmed closures over the past month.
- Shoppers can expect steep discounts as stores liquidate, with 25% to 40% off across categories, buy one, get one 50% off on jewelry and accessories, and a two for $15 clearance jewelry sale, while new merchandise will continue to arrive at stores, Michael McGrail said.
- Advisors Tiger Group, SB360 Capital Partners and GA Group launched court-approved store-closing sales while legal representatives filed motions to support operations, pay wages and vendors, and Curt Kroll said the company has `a structured path to pursue the best outcome for all stakeholders.`
- Having restructured before, Francesca's operates 457 locations across 45 states and employs over 3,400 people after its $18 million acquisition by TerraMar Capital and Tiger Group.
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14 Articles
14 Articles
Coverage Details
Total News Sources14
Leaning Left1Leaning Right1Center10Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
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