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The Ascena Retail Group Inc., bankrupt since July 23, advanced its restructuring efforts by agreeing to sell its Justice tween girls division to Premier Brands Justice. Ascena said it sold the ...
In 2012, Ascena Retail Group acquired Charming Shoppes, which was the parent holding company for Lane Bryant, Cacique and Catherines Plus, for $900 million. On May 18, 2015, Ascena Group agreed to a $2.16 billion acquisition of Ann Inc. , the parent company of clothing retailers Ann Taylor and Loft. [ 9 ]
The parent company behind the Ann Taylor, Lane Bryant, Justice and Lou & Grey clothing brands filed for bankruptcy Thursday and said it would close all of its 264 Catherines stores. Ascena Retail ...
In July 2020, in the midst of the COVID-19 outbreak, Ascena Retail Group declared Chapter 11 bankruptcy, and stated that a 'significant number' of Justice stores would close permanently. Later on, it was announced that all remaining Justice stores were to be closed permanently by the end of 2020, and that Ascena Retail Group was exploring a ...
CBL Properties, one of the nation's most prominent mall owners, filed for Chapter 11 in November 2020, on the heels of tenants including JCPenney and Ascena Retail Group, owner of Ann Taylor, and ...
Ann Taylor parent company Ascena Retail Group filed for Chapter 11 bankruptcy protection in July 2020, stating that it planned to permanently close a "significant" number of Justice stores, along with certain Ann Taylor, Loft, Lane Bryant, and Lou & Grey stores, in addition to permanently closing all of its stores in Canada, Puerto Rico, and ...
In 2014, it was sold to Vestis Retail Group, which absorbed its debts. In 2016, the stores closed and Vestis said it was filing for Chapter 11 bankruptcy. Hancock Fabrics (Manchester, Connecticut)
On May 18, 2015, Ascena Retail Group announced a $2.16 billion acquisition of Ann Inc. [10] The buyout was completed on August 21, 2015. Ann Inc. will operate as an Ascena Retail Group subsidiary going forward. [11] In 2017, Ann Taylor launched a subscription rental service called Infinite Style. [12]