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Charlotte Russe store front Charlotte Russe shoe display. Charlotte Russe was founded in 1975 by Daniel Lawrence and his two brothers, all of whom worked in their family's Brooklyn, New York clothing business. Lawrence and his siblings formed Lawrence Merchandising Corp. in Carlsbad, California.
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The company was founded in 1970 as Pennsylvania Fashions Inc. [6] The company operated stores under various brand names. Cary Klein purchased the company from his father in 1989 and later developed the rue21 concept. [7] In February 2002, Pennsylvania Fashions filed for Chapter 11 bankruptcy protection. [8]
The company was founded in Newport Beach, California, by Lorne Huycke in 1962 as "Lorne's". The "Wet Seal" name is derived from a comment Huycke's wife made during a fashion show that a model wearing a bathing suit looked like a "wet seal." [1] [2] The company was incorporated as Wet Seal in 1990. [3]
Bruised by a weak economy and hostile takeover fight, Charlotte Russe Holdings Inc. (CHIC) is going private. The chain of mall-based clothing stores catering to young women agreed to sell to ...