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Ascena Retail Sells Catherines and Will Close 23 Justice Stores

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Bankrupt Ascena Retail Group has chosen FullBeauty Brands Operations LLC as the buyer for its Catherines plus-size operations for $40.8 million. The bankrupt retailer had chosen the $16 million offer by City Chic Collective USA Inc. as its stalking horse bidder for Wednesday’s court auction, but now City Chic moves into back-up bidder position. If…

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