April 22 (Reuters) - Fashion retailer Express Inc ( EXPR )

has filed for Chapter 11 bankruptcy in the United

States and intends to close more than 100 stores, it said on

Monday.

The retailer whose portfolio includes brands such as

Express, Bonobos and UpWest Express, listed assets and

liabilities in the range of $1 billion to $10 billion, according

to a filing with the bankruptcy court in Delaware.

The company also named Mark Still as its new CFO,

effective immediately. The executive has served as interim CFO

since November 2023.

As part of the bankruptcy process, the company will

close approximately 95 Express retail stores and all of its

UpWest stores, starting Tuesday, it said, without specifying the

locations.

The company operates about 530 Express retail and Express

Factory Outlet stores in the United States and Puerto Rico and

around 12 UpWest retail stores, according to its website.

Launched in 1980, Express has been battling with soft

consumer demand due to slowing spending patterns and increased

price sensitivity in discretionary categories.

Express has received a commitment for $35 million in new

financing from some of its existing lenders, it said.

The multi-brand fashion retailer said it expects to conduct

business as usual as it initiates a court-supervised process to

facilitate a formal sale process.

The company said on Monday that it received a non-binding

letter of intent from a consortium led by WHP Global for the

sale of a substantial majority of its retail stores and

operations.

Brand management firm WHP Global, which owns Toys "R" Us and

fashion labels such as Anne Klein, took a 7.4% stake in Express

last year.