Ascena Retail Group
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Charming Shoppes is a specialty and plus size clothing retail holding company based in Bensalem, Pennsylvania; a suburb of Philadelphia. Its subsidiaries include Lane Bryant , Cacique , Fashion Bug, and Catherines Plus . [1]
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 1,200 stores in more than 40 states. The stores are large by apparel industry standards (averaging 8,000 square feet) and are usually located in strip malls rather than major shopping ...
The stores target middle income people and specialize in junior, misses' and large-size women's apparel, including sportswear, outerwear, intimate apparel, and accessories. The company is also moving into other markets such as shoes and casual men's apparel in some of its stores.
Jun 15, 2012 · Ascena Retail Group Inc. has completed its buyout of Layne Bryant owner Charming Shoppes Inc. and is taking steps to shed parts of the acquired business that it doesn't want.Ascena announced in...
Jun 15, 2012 · But Ascena said Friday it plans to close Charming Shoppes' remaining Fashion Bug operations by early next year and may sell Charming's direct marketing business called Figi's.
Jun 9, 2024 · SUFFERN, N.Y.--(BUSINESS WIRE)--Ascena Retail Group, Inc. (NASDAQ – ASNA) today announced that it has completed its acquisition of Charming Shoppes, Inc., a leading apparel retailer specializing in women’s plus-size apparel. Charming Shoppes shareholders received $7.35 for each share of Charming Shoppes.
In 2012, Ascena Retail Group acquired Charming Shoppes, which was the parent holding company for Lane Bryant, Cacique and Catherines Plus, for $900 million. [ citation needed ] On May 18, 2015, Ascena Group agreed to a $2.16 billion acquisition of Ann Inc. , the parent company of clothing retailers Ann Taylor and Loft. [9]
