Retail Divestitures in 2020
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December 23, 2020
- Buyer
- Premium Apparel LLC (affiliate of Sycamore Partners), Sycamore Partners
- Target
- Ann Taylor, LOFT, Lou & Grey, Lane Bryant
- Seller
- ascena retail group, inc.
- Industry
- Retail
- Location
- New Jersey, United States
- Type
- Divestiture
Sycamore Partners, through affiliate Premium Apparel LLC, completed the purchase of the Ann Taylor, LOFT, Lou & Grey and Lane Bryant brands from ascena retail group as part of Ascena’s Chapter 11 restructuring. Premium Apparel committed to retaining a substantial portion of the brands’ retail stores, associates and corporate operations as Sycamore expands its retail portfolio.
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- Buyer
- Bogopa Service Corporation (Food Bazaar)
- Target
- Fairway Market - Westbury store
- Seller
- Fairway Market
- Industry
- Retail
- Location
- New York, United States
- Type
- Divestiture
Bogopa Service Corporation, the family-owned operator of Food Bazaar supermarkets, acquired the Fairway Market location in Westbury, New York. The purchase is part of Bogopa’s recent string of Fairway store acquisitions as it expands its Food Bazaar footprint while retaining existing employees and continuing e-commerce service via Instacart.
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