Express Plummets: Bankruptcy Fears Spike Amid Debt Restructuring Rumors

Shares of apparel retailer Express have plunged to record lows amid rumors of debt restructuring and possible bankruptcy filing. The company has enlisted the advisory support of M3 and the legal assistance of Kirkland & Ellis as it navigates this challenging situation. Analysts expect the decline to continue due to financial challenges and competition from e-commerce giants. Stakeholders await official commentary and strategic plans before making investment decisions.