Express, alongside its associated brands Bonobos and UpWest, once thrived as a cornerstone of American corporate wardrobe retailing. However, the advent of remote work and a drastic shift in consumer fashion preferences led to a significant downturn in the company's fortunes. In the wake of changing work cultures, Express confronted stark financial realities, accumulating nearly $1.2 billion in debt against $1.3 billion in assets as of March 2. The situation became untenable