US: Ascena Retail edges closer to Charming Shoppes merger
Women's wear retailer Ascena Retail Group has completed its tender offer for shares of Charming Shoppes Inc, and says plus-size apparel specialist, and says it expects complete its merger with the plus-size specialist "in the coming days."
The US$890m acquisition was announced last month. The deal means Charming Shoppes will become a wholly-owned subsidiary Ascena Retail, adding the Lane Bryant, Fashion Bug and Catherines Plus Sizes brands to its portfolio.
Ascena already operates 2,600 stores selling its Dressbarn, Maurices and Justice brands for women and tween girls.
Women's wear retailer Ascena Retail Group has seen its first-quarter net profit decline 9.3% despite booking an increase in sales. ...
Women's wear retailer Christopher & Banks has appointed former Payless ShoeSource chief executive LuAnn Via as its new president and CEO....
Teen retailer The Wet Seal has appointed Lynda Davey as chairman following the resignation of Hal Kahn and three other directors. ...
Teen fashion retailer The Wet Seal Inc is has urged its shareholders to reject efforts by dissident investor Clinton Group to replace experienced board members - and says it has taken "positive steps"...
- Why should brands care about China cotton?
- New Gap CEO set to tackle “aesthetic issue”
- Falling euro adds to Bangladesh production woes
- Low labour cost countries linked to highest risks
- China cotton: implications and opportunities
- M&S Asia head quits as China stores to close
- Gap names new design head amid mixed Q4
- Abercrombie & Fitch reports “dismal” FY
- Pay rise mulled for Sri Lanka garment workers
- US labour concerns at Honduras apparel makers
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Outdoor performance apparel: peaks, valleys, and green fields
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Global market review of swimwear - forecasts to 2019