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Here’s Why Francesca’s Could Cut 189 More Stores

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Formerly bankrupt women's fashion retailer Francesca's is under new ownership but dozens of stores could be added to the chopping block.
A Francesca's store at The Town Center at Levis Commons, Perrysburg, Ohio.
CREDIT: Stephen Zenner / SOPA Images/Sipa USA via AP

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Francesca’s has new owners and $25 million in fresh financing. Newly out of Chapter 11 bankruptcy, the women’s specialty fashion chain said on Monday that its sale for $18 million to Francesca’s Acquisition LLC, an affiliate of TerraMar Capital LLC,  Tiger Capital LLC and SB360 Capital Group LLC is complete. Affiliates of Tiger and SB360,…

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