SECAUCUS, N.J.–(BUSINESS WIRE)–ASI Holdco, LLC, the parent company of Ashley Stewart, Inc. (“Ashley Stewart”), the leading fashion retailer of apparel, intimates, and accessories for women sizes 10 to 36, announced today that it has entered into a Letter of Intent (“LOI”) with Kinbow LLC. (“Kinbow”), to sell Kinbow a majority stake in Ashley Stewart. The parties expect to consummate the transaction as of the end of March 2024. According to the LOI, Kinbow plans to purchase a majority of the s
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