Maurices news and archive

Maurices launches new jean exchange programme

Women’s size-inclusive fashion brand Maurices is enhancing its customer experience with the launch of its ‘Fit Freedom Jean Exchange’ programme that will allow customers to exchange jeans for a new size for free. The initiative is exclusive to MyMaurices rewards members and will allow customers who buy any pair of regular price M Jeans by...

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Maurices names new CEO as George Goldfarb steps down

US womenswear chain Maurices has announced the appointment of David Kornberg as its new president and CEO as longtime chief George Goldfarb steps down from the role. “I am very excited to join the Maurices team,” said Kornberg, who will start his new position on March 15. “I believe Maurices has a great business model, a talented management team...

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Analysts see Dressbarn closures as a key step for a positive future for Ascena Retail

New York - Ascena Retail Group (NASDAQ:ASNA) announced in late May its plans to sunset its Dressbarn, closing all its stores. The announcement followed months of speculation regarding a potential sale of the business. Is worth recalling that Ascena Retail Group has struggled for several years, accumulating a total debt that surpasses 1 billion...

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UK’s private equity firm to buy Maurices chain from Ascena

New York - Maurices, the US-based womenswear chain, will be changing hands soon. The fashion retailer is said to be bought by European private equity firm OpCapita, putting an end to Ascena Group’s 14-year ownership. OpCapita announced earlier this week it will acquire a majority stake in the women’s apparel retailer, thus ending 14 years of...

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Ascena Retail Group sells majority stake in Maurices brand

Ascena Retail Group, Inc. has signed a definitive agreement to sell a majority interest in its subsidiary, Maurices Incorporated to an affiliate of OpCapita LLP as part of its review to enhance shareholder value. The company said, the review includes a comprehensive assessment of its portfolio brands, operations and assets. Commenting on the...