New York & Company acquires plus fashion brand Fashion to Figure

New York & Company has announced that the company would acquire certain assets of Fashion to Figure, a US based retailer of plus-size fashion, including intellectual property rights related to the brand, for a cash purchase price of 1.4 million dollars and no more than 1 million dollars of fees and expenses. The company said in a statement that assets will be acquired by TFT Acquisition LLC, as the successful bidder at an auction run by Fashion to Figure, as part of its ongoing reorganization under Chapter 11 of the US Bankruptcy Code and will be subsequently acquired by New York & Company late in the fourth quarter of fiscal 2017.