Philadelphia -- Ascena Retail Group CEO David Jaffe has pledged to preserve the jobs of 7,500 employees at soon-to-be-shuttered Fashion Bug stores, as well as 600 workers at the headquarters of Charming Shoppes, according to an article in the Philadelphia Inquirer.
Ascena, which owns the Dressbarn, Justice and Maurices banners, acquired Charming Shoppes – and its Lane Bryant, Fashion Bug and Catherines brands – on June 15.
Jaffe said that Ascena is committed for at least three years to the Bensalem, Pa., facility that housed executive and administrative offices for Charming Shoppes. It intends to consider Fashion Bug employees for placement at new stores that may replace some of those closing.
To read the Philadelphia Inquirer story, click here.