Ascena acquires Figi's, could sell business - WAOW - Newsline 9, Wausau News, Weather, Sports

Ascena acquires Figi's, could sell business


We have an update on the future of a major central Wisconsin employer. The Ascena Retail Group acquired the company that owns Figi's and now, Ascena leaders plan to sell the food and specialty gift business.

Figi's president Jim Krueger said the company has been sold before -- and they're still continuing business as usual. He said they plan to hire more seasonal employees this season than they did last year.

"This is not new to Figi's and the business will continue to provide its traditional food, gifts, primarily around Christmas," said Krueger.

In a statement, a representative from Ascena said, "Although the Figi's business is a growing and profitable business, it is clearly a different kind of business than Ascena's other apparel brands."

Company leaders said there is not a set timeline for that sale.

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