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ashley stewart

Clearlake Capital Affiliates Sell Stake in Ashley Stewart Inc.
SECAUCUS, NJ (June 6, 2016) — Ashley Stewart, Inc (“Ashley Stewart” or the “Company”) today announced that an affiliate of The Invus Group LLC (“Invus”), in partnership with senior management, has acquired a controlling interest in the Company from affiliates of Clearlake Capital Group, L.P. (“Clearlake”) and FirePine Group, LLC (“FirePine Group). Terms were not disclosed. Founded in 1991 and headquartered in Secaucus, NJ, Ashley Stewart is a leading global lifestyle brand for plus size women’s fashion. The Company, led by James Rhee and Kristen Gaskins, offers on-trend clothing and accessories through 89 retail stores across the country, a leading social media platform and a rapidly growing e-commerce platform. “We see in Ashley Stewart an iconic brand with an incredibly loyal and growing customer base. We are excited to partner with James, Kristen and the rest of the management team to support the customer-first, omnichannel strategy that has catapulted Ashley