Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Financial Services > Accountants > Charlotte Russe Holding

Charlotte Russe Holding


The market created the demand and Charlotte Russe answered the need. In 1975, a clothing retailer dedicated to affordable women's clothing was founded, and its first store was opened in Carlsbad, California. Focused on women ranging from teens to early twenties, the store offered value priced merchandise that followed understandable fashion trends. During the subsequent 20 years, the Company grew into a 35 store regional chain concentrated in Southern California generating $70 million of annual sales.
 
In September 1996, Saunders Karp & Megrue, a private equity investment firm, and Bernie Zeichner acquired Charlotte Russe from its founders with the intention of pursuing an accelerated national store expansion program. The new owners believed that a significant opportunity existed to leverage the strength of the Charlotte Russe concept and its new store economics by further penetrating existing markets and expanding the chain to other regions of the country. A total of 29 new stores were opened during the first two years under the new management team.
 
The Company's management team was enhanced as well. The successful integration of existing Charlotte Russe management with senior executives, who have strong national retailing experience, has created a close knit corporate culture supported by complementary skills and talents.
 
The Company’s Code of Ethics for Financial Employees applies to the Chief Executive Officer of the Company and employees serving in a finance, accounting, or investor relations capacity, at the discretion of the Chief Financial Officer and Vice President Controller.
 
The Company expects all of its employees to act in accordance with the highest standards of personal and professional integrity in all aspects of their activities, to comply with applicable laws, rules, and regulations, to deter wrongdoing, and abide by all other policies and procedures adopted by the Company.
 
The Audit Committee will assist the Board of Directors to fulfill their responsibility for oversight of the quality and integrity of the financial reports of the Company, its financial policies, procedures and reporting process, the audit process, and the Company's system of financial and operating controls.
 
They believe in the value of good relationships, which is why they offer a free initial consultation. They view every client relationship like a partnership, and truly believe that their success is a result of your success.

Financial Services Companies all are here at FinancialBrowsers.com

Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.

Back to Accountants

 
 
Infinit-i