 
|
Posts with tag: dress-barn-tween-brands | Return to ShoppingBlog.com Homepage
Dress Barn Buying Tween Brands
 USA Today reports that Dress Barn is acquiring Tween Brands in a deal worth about $157 million.
Suffern, N.Y.-based Dress Barn also will pay off the bank debt of Tween Brands, the New Albany, Ohio, company behind the Justice stores aimed at girls 7-14.
Dress Barn CEO David Jaffe said Thursday the Justice brand will diversify and complement his company's existing business.
Officials say Dress Barn will allow Tween Brands to operate as a separate subsidiary with its current management team remaining in place.
Brian Sozzi, retail analyst at Wall Street Strategies, told the Wall Street Journal that the acquisition is a "risky move in this environment." Tween Brands has closed some of its Justice stores and recently converted its Limited Too stores to Justice stores.
Posted on June 25, 2009
Permalink | Subscribe | | | Comments (View)
| |
|
| The Writers Write Lifestyle Network
|
Sales & Coupons
|
ShoppersShop.com's Sales & Deals section includes coupons,
sales and free shipping offers.
| |
Search ShoppingBlog.com
|
