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Ascena Retail Group Sells Figi's

Sale gives the company some funds to reduce indebtedness under its credit facility.

ASCENA SELLS FIGI’S: Ascena Retail Group Inc. sold its noncore Figi’s food gift business to Mason Cos. Inc. for an undisclosed sum this week. That gives the retailer, which picked up Figi’s when it acquired Charming Shoppes Inc. last year, some funds to reduce indebtedness under its credit facility. Guggenheim Partners was lead adviser to Ascena in the Figi’s deal.

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