While the financial details of the deal were not disclosed, Kinbow said it plans to maintain the operational status quo. This includes continuing with the existing management team and keeping all of Ashley Stewart’s physical and e-commerce stores operational.
“This acquisition validates our belief in the value fashion market and represents a strategic expansion for Kinbow into the retail business,” Ajjarapu said in a statement. “Leveraging our experience inplus-size fashion WWD: Since Ashley Stewart has been a customer of yours for some time, what opportunities do you see for the growth and expansion of Ashley Stewart? We are looking to bring excitement and newness to the Ashley Stewart customer by striving to give her head-to-toe outfitting possibilities, and more options to shop for her family and home, as well as keep surprising her with exciting new offerings in both stores and e-commerce.
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