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Under New Ownership, Francesca’s Could Operate 50% Fewer Stores

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Investment firms TerraMar Capital and Tiger Capital won an auction to acquire the assets of bankrupt retailer Francesca's for $18 million.
CREDIT: Stephen Zenner/SOPA Images/Sipa USA via AP Images

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It took less than two months from its bankruptcy filing for Francesca’s to secure a buyer. Francesca’s Acquisition LLC, an affiliate created by investment firms TerraMar Capital LLC and Tiger Capital LLC, beat out four bidders to win the auction for the women’s specialty apparel retailer, officially operating as Francesca’s Holdings Corporation. The stalking horse…

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