After 26 years in business, Houston-based clothing retail chain Francesca’s started the process of liquidating all merchandise and closing all stores in mid-January, according to a letter from company officials to the Texas Workforce Commission.
The company operates more than 450 stores in over 45 states, with 52 of those stores being in Texas, according to the company website.
What happened
In early January, the company received a notice of default from its lender that required the company to permanently shut down, according to the letter.
