Charming Charlie seeks 120-day exclusivity extension to negotiate plan

By Caroline Salls

Pittsburgh, Nov. 7 – Charming Charlie Holdings Inc. is seeking an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, Charming Charlie is asking the court to extend its exclusive filing period by 120 days through March 9 and the solicitation period through May 6.

“These Chapter 11 cases have presented various complex and time-consuming issues, including conducting store-closing sales with respect to all of the debtors’ stores, obtaining approval of the sale of the debtors’ intellectual property and attending to a myriad of other matters,” the motion said.

“These issues have required the full focus of the debtors and their professionals since the petition date.”

The company said the proposed extension is necessary to allow the negotiation, filing, solicitation and confirmation of a Chapter 11 plan.

Charming Charlie is a Houston-based retailer of jewelry and accessories for women. The company filed bankruptcy on July 11 under Chapter 11 case number 19-11534.

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