Ashley Stewart news and archive

Ashley Stewart secures 15 million dollars in funding to support growth

Plus-size fashion brand Ashley Stewart has secured a 15 million dollar revolving credit facility providing financing to support its liquidity position and ongoing growth efforts. It comes after the company’s attempt to secure Chapter 11 bankruptcy protection was dismissed, leading to a sale of its assets. The capital infusion was provided by...

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Business

Kinbow acquires majority stake in Ashley Stewart

Kinbow LLC, an affiliate of RA Capital, a group company owned by Ram Ajjarap, has acquired a majority stake in Ashley Stewart, Inc. from ASI Holdco, LLC, the parent company of plus-size fashion retailer Ashley Stewart, for an undisclosed amount. The strategic acquisition aims to further strengthen Kinbow’s growing position in the value fashion...

Design

Plus-size retailer Ashley Stewart fills for bankruptcy

New Jersey-based womenswear chain Ashley Stewart, which stocks plus-sized clothing, has just announced it will immediately close 27 underperforming stores as a part of a Chapter 11 bankruptcy restructuring plan. The restructuration responds to a plan to sell the company out. The company filed for bankruptcy protection Monday in US Bankruptcy...