Catalogs Sold
Charming Shoppes Inc., based in Bensalem, Penn., sold its non-core misses apparel catalog titles as well as its misses apparel catalog credit-card receivables. The catalog titles are being sold to Orchard Brands, part of Golden Gate Capital in San Francisco, for $35 million. The credit-card business is being sold to Alliance Data Systems Corp. for $45 million. Charming Shoppes executive Alan Rosskamm said the sale would help Charming Shoppes concentrate on core brands such as Lane Bryant, Fashion Bug and Catherines.
