Deb Shops names Questrom non-exec chair

NEW YORK Retail veteran Allen Questrom has joined Deb Shops, a Philadelphia-based specialty apparel retailer, as its new non-executive chairman.

Questrom is currently a senior advisor to Lee Equity. He had previously served as ceo of JCPenney, Federated Department Stores (now Macy's Inc.), Neiman Marcus and Barneys New York.

The announcement of Questrom's appointment was made by Prospect Capital, which also reported that it hade made a second lien secured debt investment of $15 million in Deb Shops.