Dive Summary:

• According to details released by Forbes, women’s fashion retailer Charlotte Russe is preparing to file an initial public offering.
• The retailer and its parent company Advent International Corp have declined to comment on reports from media sources regarding the potential action.
• Charlotte Russe is a mall-based retail chain operating over 500 locations throughout the U.S.

Dive Insight:

Advent International took the retailer private in 2009 to the tune of $380 million and since that time earnings for Charlotte Russe have more than doubled. The company currently boasts $856 million in annual sales.