Justice Model Holdings acquires Ascena’s Justice model IP

2020/11 16 14:11

Pic: Ascena Retail


The Ascena Retail Group lately introduced that Justice Model Holdings, shaped by model administration agency Bluestar Alliance, will purchase the mental property (IP) of Ascena’s Justice model, sure different Justice model belongings and assume sure liabilities for roughly $90 million. Justice shops will proceed serving prospects by the vacation season.

“The conclusion of the sale course of for our Justice model is a big step ahead in our efforts to finish our restructuring course of and maximize worth for all our stakeholders,” Gary Muto, chief government officer of Ascena, mentioned in a press launch.

A wind down of all Justice areas is predicted to conclude by early 2021. As well as, shoppers can proceed to buy on-line at www.shopjustice.com by the vacations.

The transaction is topic to approval by the US chapter courtroom for the japanese district of Virginia and sure different customary closing circumstances.

Fibre2Fashion Information Desk (DS)


The Ascena Retail Group lately introduced that Justice Model Holdings, shaped by model administration agency Bluestar Alliance, will purchase the mental property of Ascena’s Justice model, sure different Justice model belongings and assume sure liabilities for roughly $90 million. Justice shops will proceed serving prospects by the vacation season.




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