Charming charlie who owns

As Charming Charlie grew however, the retailer struggled to maintain its large store base and global vendor network, as well as compete with the growing popularity of online shopping. Charming Charlie filed for its first bankruptcy in December , shortly after Chanaratsopon stepped down as its chief executive. He remained as a non-executive chairman of the company, which emerged from its first bankruptcy in April with about half of its debt and about fewer stores.

However, financial restructuring and an operational overhaul were not sufficient to stabilize Charming Charlie's business.

Staffing and merchandising issues, compounded by lower tax returns from the new federal tax overhaul and increased tariffs on Chinese goods, ate into Charming Charlie's bottom line. Instead of reorganizing under Chapter 11, the company decided to liquidate its stores nationwide. Some 3, full- and part-time employees were affected. Most Popular. A record 4. Click here to see all 35 Texas stores Charming Charlie operated at the time of the filing. This is the second Chapter 11 filing for the company in less than two years — often referred to colloquially as a Chapter 22 filing.

About stores were closed during the previous restructuring, according to reports. A spokesperson told the Houston Business Journal at the time that Chanaratsopon was still very involved with the retailer and was named a non-executive chairman of the board. In , Chanaratsopon told the Houston Business Journal that he was confident the company could operate as many as 1, stores. However, many retailers have faced financial pressure in recent years, with several filing for bankruptcy protection or closing stores in an attempt to avoid having turn to Chapter Please Sign In and use this article's on page print button to print this article.

Charming Charlie's intellectual property includes information from nearly 7 million Charm Club loyalty members, primarily women ages 35 to 55, as well as customer databases containing 6. If Chanaratsopon is successful in reviving the brand, Charming Charlie will join a growing list of failed brick-and-mortar retailers that are attempting to rise from the retail graveyard as online-only companies, small-scale shops or branded products sold in other stores.

Most recently, former Toys R Us executives operating a company called Tru Kids announced plans last month to bring back the defunct toy retailer in the U. Toys R Us' lenders took control of the retailer's intellectual property, including the Toys R Us, Babies R Us and the Geoffrey brands, after the retailer liquidated its business last year. On HoustonChronicle. Chanaratsopon founded Charming Charlie in and quickly grew the eponymous company into a leading fashion retailer specializing in colorful jewelry, handbags, apparel, gifts and cosmetics.

By , the retailer had more than stores in the U.