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Francesca’s Files for Bankruptcy to Set Up a Sale

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Women's fashion chain Francesca's files Chapter 11 petition in Delaware to facilitate a sale of the company.
Women's fashion chain is the latest retailer to head to bankruptcy court.
CREDIT: Stephen Zenner / SOPA Images/Sipa USA via AP Images

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Women’s value chain Francesca’s has joined the list of retailers in bankruptcy court. The speciality retailer filed for Chapter 11 bankruptcy court protection in Delaware on Thursday. Tiger Finance LLC will provide $25 million in a debtor-in-possession financing facility. The retailer also has inked a letter of intent to sell its business to TerraMar Capital,…

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