Ascena Retail Group, Inc.: Maurices sale is credit positive, no impact on ratings
The sale results in a better quality brand portfolio and improves liquidity and debt repayment options, but earnings growth prospects remain challengingAscena Retail Group is a specialty retailer of apparel for women and tween girls. The company has four operating segments: Premium Fashion, which consists of the Ann Taylor and LOFT brands; Value Fashion, which consists of the maurices and dressbarn brands; Plus Fashion, which consists of the Lane Bryant and Catherines brands; and Kids Fashion, which consists of the Justice brand. All of the company's segments sell fashion merchandise to the women's and girls' apparel market across a range of ages, sizes and demographics.
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