Francesca's Holdings Corporation filed a notice for the selection of Successful Bidder in the US Bankruptcy Court for the sale of substantially all its assets on January 19, 2021. As a result of the auction conducted on January 15, 2021, January 17, 2021, and January 19, 2021, Francesca’s Acquisition, LLC and Tiger Capital Group, LLC has been selected as the winning bidder for the sale of debtor’s substantially all its assets. MAS Acquisitions, LLC has been selected as Back-up bidder. The sale hearing has been scheduled for January 21, 2021.