Ledger & Lore
← Back to the archive

Charlotte Russe

FashionUSAClosed 2019

Total Raised

Undisclosed

Peak Valuation

$380M

Employees

Year Collapsed

2019

Business model

Fast-fashion mall retail chain targeting young women.

In brief

A mall-based fast-fashion chain popular with teens and young women for decades, taken private in a 2009 leveraged buyout that loaded significant debt onto the business right as mall traffic began its long decline. Unable to service that debt while competing against both faster on…

See the What Happened tab for the full account.

Key facts

Founded
1975
Closed
2019
Headquarters
San Diego, USA
Industry
Fashion
Employees
Revenue
Undisclosed

Related failures

Often compared with: Forever 21, Zara.