By  on March 25, 2019

Ascena Retail Group has sold a majority stake in women’s chain Maurices Inc. in a deal valued at $300 million as it looks to shore up its balance sheet.

The new majority owner of the Duluth, Minn.-based retailer, which caters to women in the twenty- to thirtysomething age range in small towns and midsize cities across the U.S. and Canada, is a subsidiary of British private equity firm OpCapita.

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