Categories: Life Style

Premium Attire buys four manufacturers from Ascena retail group



Premium Attire, an affiliate of Sycamore Companions, has purchased Ann Taylor, LOFT, Lou & Gray, and Lane Bryant manufacturers from Ascena retail group and sure of its subsidiaries. Premium Attire will retain a considerable portion of the retail shops, associates, and company operations affiliated with these manufacturers. The sale of those manufacturers has been accomplished.

“We’re happy to have accomplished this transaction, which secures a path for the long-term success of Ann Taylor, LOFT, Lou & Gray, and Lane Bryant,” stated Gary Muto, chief government officer. “We now have labored diligently to maximise the worth of our manufacturers, and we’re assured they’ll thrive below Sycamore’s possession.”

Muto continued, “I wish to thank our associates, who’ve remained targeted on assembly our clients’ wants all through our monetary restructuring course of. Whereas we have now actually confronted obstacles within the difficult retail panorama introduced on by the worldwide pandemic, our associates have constantly demonstrated management, professionalism and dedication to our clients and to one another. Ann Taylor, LOFT, Lou & Gray and Lane Bryant will proceed to serve clients by means of the vacation season and past.”

“We’re happy to have accomplished our buy of those 4 extremely revered attire manufacturers and are excited by the chance to unlock their full potential as a part of our portfolio,” stated Stefan Kaluzny, managing director of Sycamore Companions. “We sit up for working with the manufacturers’ associates to proceed delivering nice merchandise and memorable experiences to their clients, whereas positioning every for long-term success.”

Fibre2Fashion Information Desk (SV)

Premium Attire, an affiliate of Sycamore Companions, has purchased Ann Taylor, LOFT, Lou & Gray, and Lane Bryant manufacturers from Ascena retail group and sure of its subsidiaries. Premium Attire will retain a considerable portion of the retail shops, associates, and company operations affiliated with these manufacturers. The sale of those manufacturers has been accomplished.

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