M&A Deal Summary

Ascena Retail Group Acquires Maurices

On November 17, 2004, Ascena Retail Group acquired retailer Maurices for 320M USD

Acquisition Highlights
  • This is Ascena Retail Group’s 1st transaction in the Retail sector.
  • This is Ascena Retail Group’s 3rd largest (disclosed) transaction.
  • This is Ascena Retail Group’s 1st transaction in the United States.
  • This is Ascena Retail Group’s 1st transaction in Minnesota.
Investment Fate
  • Maurices was divested to a consortium of buyers in 2019.

M&A Deal Summary
Date 2004-11-17
Target Maurices
Sector Retail
Buyer(s) Ascena Retail Group
Deal Type Add-on Acquisition
Deal Value 320M USD

Target

Maurices

Duluth, Minnesota, United States
Maurices' headquarters in downtown Duluth, Minnesota.
Maurices' headquarters in downtown Duluth, Minnesota.
Maurices is a retail concept that offers a broad assortment of fashionable, high quality apparel and accessories to 17-34 year old women and men who seek stylish clothing for both casual and dressy occasions. Maurices was founded in 1931 and is based in Duluth, Minnesota.

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Buyer(S) 1

Buyer

Ascena Retail Group

Mahwah, New Jersey, United States
Category Company
Founded 1962
Sector Retail
Employees14,000
Revenue 5.5B USD (2019)
DESCRIPTION

Ascena Retail Group is a specialty retailer of apparel for women and tween girls, operating, through its wholly-owned subsidiaries Maurices, Justice, Lane Bryant, and Catherines brands. The Company was established in 1962 and is based in Mahwah, New Jersey.

DEAL STATS #
Overall 1 of 4
Sector (Retail) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Minnesota) 1 of 1
Country (United States) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-25 Tween Brands

New Albany, Ohio, United States

Tween Brands, Inc. is a tween specialty retailer. Through brands Justice and Limited Too, Tween Brands provides fashion merchandise and accessories for tween (age 7-14) girls. Tween Brands was formed in 1987 and is based in New Albany, Ohio.

Buy $157M
Mergr

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