Women’s Wear Daily
04.16.2014
fashion-scoops
fashion-scoops

Versa Capital Acquires United Retail Group, Names New CEO

The operator of plus-size women’s fashion apparel has been immersed in bankruptcy proceedings since February.

fashion-scoops/news
Most Recent Articles In Fashion Scoops
Most Recent Articles In Fashion Scoops More Articles By

VERSA CAPITAL ACQUIRES UNITED RETAIL: An affiliate of Philadelphia-based Versa Capital said Monday it has completed the acquisition of certain assets of United Retail Group. The operator of plus-size women’s fashion apparel has been immersed in bankruptcy proceedings since February. Out as chief executive is Dawn Robertson. Versa said the new management team is led by Elizabeth “Liz” Williams, with Jim Smith as chief financial officer. Williams is the former long-time president of Fashion Bug. Versa also said the company has “substantial capital from Versa’s $650 million fund and a $50 million credit facility led by Wells Fargo.” Gregory L. Segall, Versa ceo and Avenue Stores chairman, said, “While the new business will operate a condensed store base, we intend to return to new store growth at the appropriate time. In the mean time, there’s a great deal of work to do. Avenue Stores is a terrific brand; we want to see it achieve its full potential.” Versa’s portfolio includes Bob’s Stores and fabrics firm Polartec.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or