×
271
Fashion Jobs
H&M
Visual Merchandising Manager - Sylvia Park
Permanent · AUCKLAND
LOVISA
Regional Manager
Permanent ·
ESTEE LAUDER
bb/cl/el/jm/lm/Mac/tf - Freelance Consultant - Auckland - on-Call/Freelance
Permanent · Auckland
UNDER ARMOUR
Store Manager - Amazon Surf Skate Takapuna
Permanent · AUCKLAND
ADIDAS
Store Manager, Adidas Westgate Factory Outlet
Permanent · AUCKLAND
PUMA
Holiday Casual Sales Associates - te Rapa
Permanent · HAMILTON
UNDER ARMOUR
Store Manager - Amazon - Glenfield
Permanent · AUCKLAND
H&M
Department Manager - Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager - Wellington
Permanent · LOWER HUTT
H&M
28hr pt Sales Advisor - Flagship Store Commercial Bay
Permanent · AUCKLAND
H&M
Department Manager - Riccarton
Permanent · CHRISTCHURCH
PUMA
Retail Supervisor - Onehunga
Permanent · AUCKLAND
PUMA
Sales Associate - Onehunga
Permanent · AUCKLAND
PUMA
Holiday Casual Sales Associates - Onehunga
Permanent · AUCKLAND
ADIDAS
Retail Professional (Part Time) - Adidas Newmarket Bcs
Permanent · AUCKLAND
ADIDAS
Expressions of Interest (Retail Professionals) - Adidas Auckland Airport re-Opening
Permanent · AUCKLAND
ADIDAS
Retail Professional (Part Time) - Adidas Hornby
Permanent · CHRISTCHURCH
ADIDAS
3ic - Adidas Hornby FO
Permanent · CHRISTCHURCH
ADIDAS
Retail Professional (Part Time) - Adidas Britomart Ocs
Permanent · AUCKLAND
ADIDAS
Assistant Store Manager - Adidas Newmarket Bcs
Permanent · AUCKLAND
ADIDAS
Casual Retail Professional - Adidas Onehunga FO (Christmas)
Permanent · AUCKLAND
ADIDAS
Casual Retail Professional - Adidas Westgate FO (Christmas)
Permanent · AUCKLAND
By
Reuters
Published
Aug 25, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 2022 All rights reserved.