Ashley Stewart news and archive

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...