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The company focused on holding events like fashion shows instead of launching large advertising campaigns. They would often hold 300 to 350 fashion shows a year, which raised money for the communities they were in. Each Ashley
Stewart store also hired from within the community, and the company was
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Ashley
Stewart was founded in 1991, and quickly grew to over 380 stores in more than 100 cities, recording annual sales as high as US $ 400 million, which prompted many national retailers to follow suit, and helped change the urban retail landscape. In 1996 the TSG Capital Fund II made an initial
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The company has also successfully moved into e-commerce, with e-commerce business accounting for approximately 40% of revenue as of 2016. They have also expanded internationally, and are now shipping to Canada, the
Caribbean, and the UK. They opened their first new store since the bankruptcy in
270:
Entrepreneur Of The Year award in 2016 for his work with Ashley
Stewart. Rhee has said that he seeks to manage the company 'like a hedge fund', with the level of mathematical analysis and operational discipline of a blue chip investment firm, while at the same time developing a kind, open, and
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In March 2014, Ashley
Stewart filed for Chapter 11 bankruptcy protection for the second time in four years as part of a potential sale of its assets. The company announced the closure of 27 underperforming locations. Ashley Stewart was later acquired by affiliates of Clearlake Capital and the
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protection, and Ashley
Stewart was later purchased by GB Merchant Partners. Despite their continued financial troubles, the company re-introduced a charitable giving program at select locations during the 2013 holiday season.
249:
In 2000 Sitt sold the company, after which it was owned by multiple private equity firms - a group led by
Trimaran Fund II bought the company in 2004. In 2010, Urban Brands, the parent company of Ashley Stewart, filed for
207:-based company has 89 stores across 22 states. They sell a variety of apparel, ranging from jeans to dresses and shoes. In recent years the brand has made a comeback, after filing for bankruptcy in 2010 and 2014.
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266:'s Foundation as a 2016 Power Player for his work in turning the company around and developing a core strategy based on kindness and loyalty. He was also awarded the
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459:"GB Merchant Partners' 1903 Equity Fund L.P. Successfully Completes Acquisition of Ashley Stewart"
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377:"How a plus-size clothing label dug out of bankruptcy: Body pride, diversity and Instagram"
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595:"EY Announces Winners for the EY Entrepreneur Of The Year® 2016 New Jersey Award"
745:"Ashley Stewart store's triumphant return to Newark a 'plus' for shoppers"
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511:"NJ retailer Ashley Stewart files for bankruptcy, will close 27 stores"
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192:, which was founded in 1991. The name Ashley Stewart was inspired by
329:"Ashley Stewart To Open First Store Since Emerging From Bankruptcy"
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may have been created or edited in return for undisclosed payments
771:"Plus-size ambitions for James Rhee and the Ashley Stewart brand"
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700:"Loyalty to and from Ashley Stewart customers spurs a revival"
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652:"How This Famous Retailer Pulled Off a Stunning Turnaround"
40:. It may require cleanup to comply with Knowledge (XXG)'s
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Companies that filed for
Chapter 11 bankruptcy in 2014
854:
Companies that filed for
Chapter 11 bankruptcy in 2010
434:"UPDATE 4-Ashley Stewart parent files for bankruptcy"
200:, who the company saw as icons of upscale Americana.
541:"How I Brought Ashley Stewart Back from Bankruptcy"
262:James Rhee, CEO at the time, was recognized by the
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404:Done Deals: Venture Capitalists Tell Their Stories
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229:investment of US$ 30 million in Ashley Stewart.
491:(Press release). PR Newswire. January 17, 2014
489:"Ashley Stewart Gives Back To Local Charities"
408:. Boston, MA: Harvard Business Press. p.
728:Binns, Jessica (May 2015). "Ashley Stewart".
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16:American plus size women's clothing company
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622:"The unlikely champion of Ashley Stewart"
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834:Clothing retailers of the United States
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301:"How I Did It: Joe Sitt, Thor Equities"
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824:Clothing companies established in 1991
814:American companies established in 1991
732:. Chicago: Edgell Communications, Inc.
650:Goldman, Jeremy (November 11, 2015),
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829:Clothing brands of the United States
819:Retail companies established in 1991
362:, Stern Business, Spring/Summer 2008
299:Issenberg, Sasha (January 1, 2006),
620:Wilson, Marianne (April 20, 2016),
375:Givhan, Robin (September 1, 2016),
36:, a violation of Knowledge (XXG)'s
769:Nanos, Janelle (August 31, 2016).
743:Strunsky, Steve (March 31, 2017).
569:National Retail Federation Website
465:. November 8, 2010. Archived from
327:Kaplam, David (January 26, 2017),
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698:Verdon, Joan (March 20, 2016),
271:egalitarian corporate culture.
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849:2015 mergers and acquisitions
844:2010 mergers and acquisitions
839:2004 mergers and acquisitions
539:Rhee, James (July 31, 2015),
463:Gordon Brothers Group Website
188:women's clothing company and
237:for its contribution to the
95:; 33 years ago
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264:National Retail Federation
680:, CNN, September 21, 2016
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565:"THE POWER PLAYERS 2016"
360:“An Eye for Opportunity”
233:recognized by President
545:Harvard Business Review
239:Welfare-to-work program
400:Udayan, Gupta (2000).
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222:Roxbury, Massachusetts
252:Chapter 11 bankruptcy
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46:neutral point of view
440:, September 21, 2010
205:Secaucus, New Jersey
575:on January 26, 2017
381:The Washington Post
339:on January 27, 2017
135:Number of locations
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277:Newark, New Jersey
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220:Ashley Stewart in
128:, New Jersey, U.S.
710:on March 16, 2017
632:on March 16, 2017
279:, in April 2017.
268:Ernst & Young
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235:Bill Clinton
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194:Laura Ashley
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121:Headquarters
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661:February 9,
550:February 2,
473:February 2,
386:February 2,
343:February 2,
310:February 2,
245:Reinvention
808:Categories
677:A Good Fit
283:References
145:Key people
780:March 31,
754:March 31,
605:March 31,
444:March 31,
186:plus size
714:March 6,
636:March 6,
579:March 9,
521:July 24,
495:July 24,
165:Clothing
162:Products
151:Chairman
126:Secaucus
110:New York
81:Industry
438:Reuters
211:History
170:Website
98: (
89:Founded
599:EY.com
416:
153:&
84:Retail
782:2017
756:2017
716:2017
686:2017
663:2017
638:2017
607:2017
581:2017
552:2017
523:2024
497:2024
475:2017
446:2017
414:ISBN
388:2017
345:2017
312:2017
203:The
196:and
114:U.S.
100:1991
93:1991
155:CEO
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
