363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
Published
Nov 12, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Ascena offloads Justice brand, closing all stores as part of new acquisition

Published
Nov 12, 2020

Ascena Retail Group has sold all intellectual property and certain other brand assets of its tween brand, Justice, to an entity formed by Bluestar Alliance LLC for a total of approximately $90 million. 


Instagram @justice


As a result of the sale, all Justice stores will be closed by early 2021. However, the brand's stores will remain open through the holiday season, as well as its e-commerce platform, according to a press release from Ascena. 

The sale comes after Ascena filed for Chapter 11 bankruptcy last July as a result of an economic blow attributed to the Covid-19 pandemic, receiving court approval for its reorganization plan in September. Following the sale of Justice, Ascena continues to operate its Ann Taylor, Loft, Lane Bryant and Lou & Grey brands. 

“The conclusion of the sale process for our Justice brand is a significant step forward in our efforts to complete our restructuring process and maximize value for all our stakeholders,” said Gary Muto, chief executive officer of Ascena.

“The optimization of our portfolio better positions Ascena for long-term success and supports our vision for the future. As we seamlessly transition ownership of Justice over the coming weeks, we remain committed to delivering meaningful experiences for our customers every day. I thank our entire team for their continued focus as we prepare for the important holiday season.”

The transaction is expected to close before the end of November 2020.

A private equity firm and management company, Bluestar's portfolio includes brands like Bebe, Brookstone, Hurley, Catherine Malandrino, Kensie Girl and Limited Too, among others. 

Copyright © 2024 FashionNetwork.com All rights reserved.