What Company Took Over Dress Barn

Dressbarn pier 1 imports and modell s sporting goods have all been targeted by a little known florida based investment firm run by a former nasa scientist and a serial entrepreneur. Earlier this week dressbarn s parent company announced that it would be closing all 650 locations to focus on more profitable brands and i m sad to see my sentimental favorite go. Ascena retail group the company behind brands such as loft lou grey lane bryant and more has announced in a press release that it will be begin wind down of dressbarn s operations this decision will not effect ascena retail group s other brands.

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Ascena the dressbarn parent company began store closings friday as part of its plan to shut down operations that are expected to continue through december.

What company took over dress barn. Ascena retail group announces closure of all dressbarn stores the company s cfo steven taylor called it a difficult decision but said the chain has not been operating at an acceptable level of. In addition to dressbarn in november pier 1 in july and modell s in august the duo s miami based firm acquired linens n things and the franklin mint in june from sequential brands group for an. Retail ecommerce ventures has bought.

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