Ascena Retail Group, Inc. Completes Acquisition of Charming Shoppes, Inc. (2024)

FAQs

Is Charming Shoppes still in business? ›

Charming Shoppes, Inc., is a leading retailer, specializing in women's apparel. Founded in 1940 with a single store in Philadelphia, Charming now operates over 1200 stores in more than 40 states; all of its store operations are under the names Fashion Bug and Fashion Bug Plus.

Our Company

ascena is a national specialty retailer offering apparel, shoes and accessories for women.

and our brands Ann Taylor, LOFT, and Lou & Grey, we are committed to helping our clients put their best selves forward every day. Through our purpose–led programs, we develop campaigns that engage, inspire and connect our clients and associates with the charities and causes they care about.

Gray's General Store is a general store located at 4 Main Street in Adamsville, Rhode Island.

Then & Now: The 164-year history of America's oldest department store, Macy's.

Ellis Gerson Wachs, Charming Shoppes Executive and Philanthropist, Dies at 88. Ellis Gerson Wachs, who built a small women's clothing store into a major international chain and contributed to numerous charitable causes — many within the local Jewish community and in Israel — died Aug.

Ascena Retail Group acquired Fashion Bug's parent company, Charming Shoppes, in June for about $900 million and decided to close all 600 Fashion Bug locations in 43 states. As part of the sale, Ascena also acquired Charming Shoppe's Lane Bryant and Catherine's stores.

In early 2012 Ascena Retail Group, the parent company of DressBarn, Maurices, and Justice, announced an $890 million buyout of Charming Shoppes Inc. All Fashion Bug stores, including the five in West Michigan, were closed by winter 2013.

In Ascena, the United States District Court for the Eastern District of Virginia invalidated the debtor's third-party releases contained in the debtor's plan, holding that the bankruptcy court exceeded the constitutional limits of its authority by granting the third-party releases.

Mahwah, formerly known as Ascena Retail Group, filed for bankruptcy in July 2020 with more than $1 billion in debt and plans to close many of its stores. The company's brands, including Ann Taylor, Lane Bryant and Loft, were later sold to private equity firm Sycamore Partners.

What is Ascena Chapter 11 plan? ›

During the case, Ascena sold substantially all of its assets and filed a Chapter 11 plan of reorganization (the “Plan”). The Plan contained broad non-consensual releases of claims by all of Ascena's creditors in favor of various non-debtor parties (the “Third-Party Releases”).

The Super Retail Group owns four major brands including rebel, BCF, Super Cheap Auto, and Macpac.

Dressbarn.com (branded as dressbarn) is an online retailer owned by Retail Ecommerce Ventures. Its predecessor is the former chain of women's clothing stores owned by Ascena which operated as Dressbarn from 1962 until 2019. Since 2020, it is owned by Miami, Florida-based Retail Ecommerce Ventures.

Doud's Market is the number one specialty food market in Mackinac Island, Michigan, and it also holds the title of the oldest grocery store in America. This 130-year-old food market has 4.5 stars on TripAdvisor, and one reviewer raves, "Doud's has been a staple on Mackinac Island for decades and is well-stocked."

Yes Brooks Brothers, founded in 1818, is both the oldest retail chain and oldest retail clothing company but the Moravian Book Shop has the distinction of being the oldest retailer of any kind in America. The Moravian Book Shop is also the oldest bookstore in America. The shop is located in Bethlehem, Pennsylvania.

Macy's Herald Square is the largest department store in the US, with 1.25 million square feet of retail space across 12 floors. The department store moved to this location, which is an entire city block, in 1902, according to Macy's Inc.

The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10.

The husband and wife team were revolutionary in this fast-changing industry called retail. Le Bon Marché was founded in Paris in 1852, making it the world's oldest and longest-running department store. The practice of returning merchandise for a refund? Le Bon Marché lays claim to the concept.

The move came Friday as Ascena Retail Group Inc. completed its acquisition of Charming Shoppes, the owner of Lane Bryant, Catherines Plus Sizes, Fashion Bug and other brands. Fashion Bug closed 124 stores in 2011, according to a press release.

Who bought Charming Charlie? ›

Chanaratsopon regained control of the brand when a real estate firm he reportedly controlled bought up Charming Charlie's intellectual property in bankruptcy last year for more than $1 million. He told the Houston Chronicle a year ago that he planned to revive the retailer.

Sofía Vergara's Denim-Inspired Walmart Clothing Line - PureWow.

Fashion Bug — Fashion Bug was the chain that founded Charming Shoppes—and, for many years, was their only brand. The chain, at one point, grew to over 1200 stores nationwide. The stores sold women's fashion apparel and were located in strip shopping centers, catering to middle and lower-class segments.

It has sizes ranging from 4 to 28, so women of all shapes and sizes will be able to strut their stuff in the new collection. But just because Melissa's line is available in a range of sizes that go up to a 28, don't default to calling it "plus-size." "Women come in all sizes," Melissa told Refinery29.

Yes! People are getting more environmentally conscious and data shows we're becoming more driven to buy sustainable products. Consumers have pushed companies to evaluate their labour practises and effects on the climate crisis.

Fast-fashion giant Shein investigated its own factories after damning report on working conditions—and the results are costing $15 million to fix. Garment workers in a factory that supplies Shein in Guangzhou, China.

Third-Party Release means the release provided by the Releasing Parties in favor of the Released Parties as set forth in Article 13.2 of the Plan.

Third-party releases, by which a non-debtor releases another non-debtor from both prepetition and postpetition claims. Exculpation clauses, by which a debtor or a non-debtor releases professionals and other fiduciaries of the estate, such as officers and directors.

Is ascena selling justice? ›

New Jersey-based Ascena (OTCMKTS: ASNAQ) will sell the tween brand's intellectual property and other assets to Justice Brand Holdings LLC, which is an entity formed by private New York City brant management company Bluestar Alliance LLC, following a competitive bidding process.

Although most of the time closing a retail store is a bad sign, this is not always the case. Retail stores start closing for many different reasons, such as over-expansion, cash crunch, brand related issues, mall related issues, economic and demographic reasons.

We visited a Dressbarn store in New York and found hollow display cases and shelves beginning to empty. Otherwise, it was a tidy and organized store. Dressbarn's outdated clothing, convoluted pricing system, and clunky aesthetic gave us a clue as to why the store may have fallen out of style.

After ditching its discount banners last year, (liquidating Dressbarn and all its 544 stores and selling a majority stake in Maurices), Ascena is now further dismantling its stable. That includes selling its Catherine's plus-size banner to online plus retailer City Chic, closing all Catherine's stores in the process.

This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

Chapter 7 bankruptcy and Chapter 11 bankruptcy are both common options for businesses in declaring bankruptcy. The key differences essentially amount to liquidation vs. a reorganization and restructuring of debt.

Chapter 11 can be done by almost any individual or business, with no specific debt-level limits and no required income. Chapter 13 is reserved for individuals with stable incomes, while also having specific debt limits.

With more than 14,000 team members across Australia, New Zealand and China, Super Retail Group's success is underpinned by a continued focus on maintaining and enhancing our culture, products and core values.

Super Retail Group has 14,305 employees What industry does Super Retail Group belong to?

Ascena also previously owned the DressBarn and closed all of its stores last year. Sycamore Partners is a private equity firm based in New York, which owns a number of retailers including Belk, Hot Topic, Staples, Talbots and Torrid.

Who owns Catherine's? ›

Catherines Inc

Talbots' parent company Sycamore Partners recently purchased the Ascena Retail Group Inc., which owns Ann Taylor, Loft, Lane Bryant and Lou & Grey, for $540 million.

In 1962, Elliot and Roslyn Jaffe started Dressbarn to help women in the workplace find designer clothing at a discount. The name was born from the initial item they were selling, dresses, and in the '60s the term “barn” noted value or discount.

Its owner, Ascena Retail Group Inc., says it wants to focus on its more profitable brands. Ascena also owns Ann Taylor, Lane Bryant and other clothing stores. The company did not say when Dressbarn will shut all its stores.

Charming Charlie was founded by (Charming) Charlie Chanaratsopon in 2004, offering women's apparel, accessories and more, around by color. The brand filed for bankruptcy in 2017, reorganized and came back, then announced a 2nd bankruptcy in July 2019, closing all 261 remaining stores.

Lane Bryant's "sisters" include Fashion Bug and Catherines.

Fashion accessory retailer Charming Charlie will close all its stores after going bankrupt for the second time in less than two years. More than 3,000 full- and part-time employees could lose their jobs. Charming Charlie Holdings Inc.

The company said it faced "unsustainable operating expenses, including onerous leases" at a time when many brick-and-mortar stores are battling with online retailers.

With an estimated net worth of $500 million he's careening toward billionaire status before his 40th birthday.

Charlie Chanaratsopon (2004–)

Charming Charlie / CEO

Is Charming Charlie a franchise? ›

Charming Charlie has about 370 stores in the U.S., four in Canada and 16 franchised locations in the Middle East and the Philippines.

Women's apparel and accessories retailer Charming Charlie hopes to have a big comeback in 2021 some 18 months after the firm fell into bankruptcy and closed all 261 of its stores.

What Companies Are in L Brands? As of August 2021, L Brands operates solely as Bath & Body Works, Inc. Previously, L Brands included popular retailers, including The Limited, Victoria's Secret, PINK, Bath & Body Works, Henri Bendel, Lane Bryant, Lerner Stores, and Abercrombie & Fitch.

Talbots' parent company Sycamore Partners recently purchased the Ascena Retail Group Inc., which owns Ann Taylor, Loft, Lane Bryant and Lou & Grey, for $540 million.

Bath & Body Works