EXPR Stock Alert: Is Express About to File for Bankruptcy?

Apparel retailer Express (NYSE:EXPR) — which focuses on business casual attire — is on the ropes amid insider whispers of a debt restructuring initiative. People with knowledge of the matter note that one of the courses of action could involve filing for bankruptcy. If so, the filing could happen within weeks, sending EXPR stock plummeting.According to The Wall Street Journal, the insiders stated that the Ohio-based retailer hired restructuring advisor M3 and law firm Kirkland & Ellis. At the core of the ma ...