Move comes after the car parts maker said it was doubling the number of cars it had recalled to 34 million.
Ascena has grown through acquisitions and after this deal will operate nearly 5000 stores.
The move would increase the number of its stores in the world's second largest economy by almost a third.
In total, revenue climbed 27 percent to $58 billion, up from $45.6 billion last year.
Same-store sales fell 2.6% in the U.S. division in the first quarter, including a 3.9% decline in March.
The cosmetics company has been struggling in both the U.S. and Brazil, its largest market.
Sum awarded to family of boy who died in a crash involving a Jeep Grand Cherokee in 2012.
Increase won't benefit workers at the vast majority of the restaurants, which are operated by franchisees.
The Italian luxury goods retailer saw net profit fall 28% as sales slumped in China and Europe.
The German sportswear firm outlined plan that includes making some of its goods in Europe rather than Asia.
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