×
321
Fashion Jobs
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
KEYAL EMPIRE DESIGN PRIVATE LIMITED
Production Manager
Permanent · DELHI
MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED
Sales Team Manager/sr . Sales Manager/Territory Sales Manage-Bangalore
Permanent · Bengaluru
SERVOTECH INDIA LIMITED
Sil - Production Manager/ Quality Manager - Tarapur (Boisar)
Permanent · Tarapur
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED
Team Manager/ Territory Manger- Sales- Meerut
Permanent · Meerut
HARI DARSHAN SEVASHRAM (P) LTD
Area Sales Manager - Punjab
Permanent · Ludhiana
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Bangalore
Permanent · Bengaluru
By
Reuters
Published
May 18, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ascena Retail to buy Ann Inc for about $2.15 bln

By
Reuters
Published
May 18, 2015

Ascena Retail Group Inc, which runs Dressbarn and Lane Bryant women's clothing stores, said it agreed to buy rival Ann Inc, owner of LOFT and Ann Taylor, for $2.15 billion.

Ascena, which like Ann targets women in the 20 to 40 age group, said it would pay $37.34 in cash and 0.68 of its share for each Ann share.

That works out to $47 per share, representing a 21.4 percent premium to Ann's closing price of $38.71 on Friday.

Ann's shares rose to $46.25 in premarket trading on Monday, while Ascena's shares were up nearly 7 percent at $15.20.

The transaction gives Ann an enterprise value of about $2 billion, Ascena said.
Ascena said it expects the deal to be "significantly accretive" to earnings in the first year after the deal closes and to boost profit by more than 20 percent after that.

"With the addition of the Ann Taylor and LOFT brands, Ascena will become one of North America's largest and most diversified specialty apparel retailers," Ascena Chief Executive David Jaffe said in a statement.

Ascena said it expects the deal to close in the second half of 2015.

© Thomson Reuters 2021 All rights reserved.