Ascena Retail Group

ascena retail group, inc. is a national specialty retailer offering apparel, shoes, and accessories for women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, maurices, dressbarn and Catherines brands, and for tween girls under the Justice brand. ascena retail group, inc. operates ecommerce websites and over 4,800 stores throughout the United States, Canada and Puerto Rico.

Bankrupt Ann Taylor parent Ascena Retail Group Inc. has entered into an asset purchase agreement with Premium Apparel LLC, a subsidiary of private-equity firm Sycamore Partners, for $540 million. The deal includes the Ann Taylor, Loft, Lou & Grey and Lane Bryant brands.

Ann Taylor parent agrees to sell assets to Sycamore Partners subsidiary for $540 million

Iconic women's clothing brands Ann Taylor, LOFT and Lane Bryant will be bought out of bankruptcy by private equity firm Sycamore Partners, the companies said Thursday. After filing for Chapter 11 bankruptcy protection in July, Ascena Retail Group — the owner of the apparel brands — reached a deal to sell off its remaining assets.

Ann Taylor, LOFT and Lane Bryant sold to buyout firm for $540M

Ann Taylor is packing up the alpaca. Ascena Retail Group, the clothing conglomerate that owns the Ann Taylor, LOFT and Lou & Grey plans to stop using wool from the llama-like creatures amid concerns from animal-rights activists about the sometimes brutal process of producing it.

Ann Taylor to ditch alpaca wool after PETA probe

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Court Approv es  Disclosure Statement  and Debtor-in-Possession Financing on Final Basis; Debtor-in-Possession Financing to Convert to Exit Financing Upon Emergence

ascena retail group Achieves Important Milestones in Restructuring Process

Dressbarn is now an on-line retailer. It has great growth since new owners took over.

Dressbarn Is Selling Well Online

Happy Returns announced a partnership with Dressbarn to offer customers box-free returns at locations nationwide. Returns of apparel purchased online can run between 20-40% depending on the retailer, and the return process itself can be a daunting task for the customer.

Happy Returns Equals Happy Customers At Re-Imagined Dressbarn Brand

SANTA MONICA, Calif.--(BUSINESS WIRE)--Dressbarn Partners With Happy Returns To “Restore” In-Person Returns For Shoppers Of The Well-Known Brand

Dressbarn Partners With Happy Returns To “Restore” In-Person Returns For Shoppers Of The Well-Known Brand

NEW YORK--(BUSINESS WIRE)--Ascena Retail Group, Inc. (Ascena) filed for Chapter 11 bankruptcy in late July, in a move to reduce debt obligations by almost $1 billion as well as to shutter underperforming locations.

KBRA Credit Profile (KCP) Releases Research – Coronavirus (COVID-19): Ascena Retail Group Files for Chapter 11 Fashionably Late–CMBS Exposure Examined

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The financial impact across brands is significant and in 2019 while Ann Taylor Inc. had a 4.2% increase in sales, all other Ascena brands showed declines, leading to a total drop of 1.3% in sales.

Ascena’s Weak Financial Performance Creates Strong Headwinds For Its Star Division Ann Taylor

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A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry.

These retailers filed for bankruptcy in 2020

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Coronavirus, massive amounts of debt and a shift in shopping habits created a lethal cocktail of bankruptcies and store closures in July.

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Ann Taylor, LOFT, Lane Bryant, Justice and Lou & Grey Continuing to Serve Customers with Compelling Fashion Assortments and an Exceptional Shopping Experience

ascena retail group Receives Court Approval of “First Day” Motions to Support Business Operations

The distressed list of retailers keeps getting longer as Washington politicians continue to ignore the dire needs of the industry.

No Obituary Needed – Iconic Ann Taylor Files For Bankruptcy As Feds Ignore Retail

Ascena Retail Group Inc. ASNA, -25.69% , which declared bankruptcy earlier this week, said it has commenced store-closing sales in its stores.

Ann Taylor, Loft parent Ascena kicks off store-closing sales in wake of bankruptcy filing

Ascena is the latest retailer to be felled by the pandemic.

Ann Taylor's Owner Files for Bankruptcy

These brands survived the retail apocalypse in the wake of the Great Recession, only to be hit hard when the coronavirus pandemic landed.
When the pandemic eventually recedes and you feel comfortable shopping in malls again, there’s a good chance the retail landscape will look very different.

Here’s why the owner of Ann Taylor, Loft, and Lane Bryant is bankrupt

Ascena is at least the ninth prominent retailer to file for bankruptcy since early May, including Brooks Brothers, Sur La Table, J. Crew, Neiman Marcus Group, J.C.

Ann Taylor, Lane Bryant Owner Latest Retailer To File For Bankruptcy

The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group, which operates nearly 3,000 stores mostly at malls, had been dragged down by debt and weak sales for years.

Ann Taylor, Lane Bryant owner files for Chapter 11 bankruptcy

The parent company of Ann Taylor and Loft, Ascena Retail Group, filed for Chapter 11 bankruptcy protection Thursday morning, marking the latest apparel maker to be pushed to the brink during the coronavirus pandemic.

Ann Taylor parent Ascena files for Chapter 11 bankruptcy

Ascena Retail Group Inc. ASNA, -6.47% , parent of the Ann Taylor and Loft retail chains, filed for voluntary Chapter 11 bankruptcy on Thursday, with a restructuring agreement supported by more than 68% of its secured term lenders, crushed by the effects of the coronavirus pandemic on its already troubled business.

UPDATE: Ann Taylor parent Ascena files for bankruptcy as pandemic crushes already troubled retailer

Ascena Retail Group, the owner of Ann Taylor and other clothing brands, has filed for bankruptcy. It's the latest retailer forced to take that step during the Covid-19 pandemic.

Owner of Ann Taylor and Lane Bryant files for bankruptcy

Ann Taylor parent Ascena files for bankruptcy as pandemic crushes already troubled retailer

Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan

News for Ascena Retail Group Stock (ASNA)