Ascena: Bluestar Alliance to Buy Justice Brand for About $90M

Ascena Retail Group says Justice Brand Holdings LLC, an entity formed by Bluestar Alliance LLC, will acquire the intellectual property of Ascena’s Justice brand, certain other Justice brand assets and assume certain liabilities for total consideration of approximately $90 million.

• Justice stores will remain open and continue serving customers through the holiday season
• Wind down of all Justice locations is expected to conclude by early 2021
• NOTE Oct. 20 Bluestar Is New Stalking Horse Bidder for Ascena’s Justice

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Robert Lavelle in New York ...