343
Fashion Jobs
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
L'OREAL GROUP
Supply Chain Planner
Permanent · HONG KONG
CHANEL
Business Systems Manager – Learning/Collaboration/Talent
Permanent · TAIKOO SHING
CHANEL
Assistant Payroll Manager - HR Business Services, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Senior Client Engagement Executive
Permanent · TAIKOO SHING
CHANEL
Senior Manager, People Sustainability Reporting
Permanent · TAIKOO SHING
CHANEL
IT Asset Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Head of Governance & Operations, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Merchandising Manager
Permanent · TAIKOO SHING
CHANEL
Head of Learning Ecosystem And Retail Learning & Development, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Sustainability Manager (Sustainable Built Environment), Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Assistant Project Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Sustainability Reporting Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Regional Freight Management Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Regional Business Finance Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Senior Supply Chain Executive
Permanent · TSING YI
CHANEL
Senior Manager- Indirect Procurement, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Project Manager, Asia Pacific
Permanent · TAIKOO SHING
CHANEL
Senior Manager, High End Experience And Expertise Development
Permanent · TAIKOO SHING
CHANEL
Assistant Visual Merchandising Manager
Permanent · TAIKOO SHING
CHANEL
Digital Experience Product Manager
Permanent · TAIKOO SHING
CHANEL
People Experience Partner
Permanent · TAIKOO SHING
By
Reuters
Published
Aug 25, 2008
Download
Download the article
Print
Text size

Charming Shoppes to sell non-core assets

By
Reuters
Published
Aug 25, 2008

Aug 25 (Reuters) - Specialty retailer Charming Shoppes Inc said it will sell its non-core misses apparel catalogs and the related portion of credit card receivables for $75 million in cash, and that it also plans to sell another business as it tries to focus on its core brands.


www.CharmingShoppes.com

The company said it would sell Crosstown Traders, which includes Old Pueblo Traders, Bedford Fair, Willow Ridge, Lew Magram, Brownstone Studio, Intimate Appeal, Monterey Bay Clothing Co and Coward Shoe, to Orchard Brands, a portfolio company of Golden Gate Capital, for $35 million.

Charming, which focuses on women's plus-size specialty apparel, said Crosstown Traders is expected to remain headquartered in Tucson, Arizona, and the deal is expected to close by the end of September.

Charming also said it agreed to sell the misses apparel catalog credit card receivables to Alliance Data Systems Corp for about $40 million, in a deal expected to close prior to fiscal year ending Jan. 31, 2009.

These receivables are directly related to the catalog titles being sold to Orchard Brands, it added.

The company, whose core brands include Lane Bryant, Catherines and Fashion Bug, said it will also initiate a process to explore the sale of its Wisconsin-based Figi's Gifts in Good Taste catalog business.

Shares of Charming Shoppes closed at $5.58 Monday on Nasdaq. (Reporting by Divya Nair in Bangalore; Editing by Deepak Kannan)

© Thomson Reuters 2024 All rights reserved.