Kinbow Acquires Majority Stake in Ashley Stewart, Inc. Expanding Its Commitment to Retail
(“Kinbow”), today announced the agreement to acquire the majority stake of Ashley Stewart, Inc. (Ashley Stewart) from ASI Holdco, LLC, the parent company of Ashley Stewart, the leading fashion retailer of apparel, intimates, and accessories for women sizes 10 to 36.
- (“Kinbow”), today announced the agreement to acquire the majority stake of Ashley Stewart, Inc. (Ashley Stewart) from ASI Holdco, LLC, the parent company of Ashley Stewart, the leading fashion retailer of apparel, intimates, and accessories for women sizes 10 to 36.
- This strategic acquisition is designed to further strengthen Kinbow’s growing position in the value fashion retail market.
- Kinbow plans to continue to operate all of Ashley Stewart’s brick-and-mortar stores and ecommerce business in their current form and keep Ashley Stewart’s management team in place.
- Kinbow LLC was represented by Norris McLaughlin, P.A., with attorneys Jeffrey K. Cassin , Mariya Gonor , and Samuele Riva leading the transaction.