Ascena Retail Group, the parent company of women’s apparel brands including Ann Taylor and Lane Bryant, filed for Chapter 11 bankruptcy protection last week while announcing a debt restructuring agreement with 68% of its lenders.
Ascena also announced it will close a “significant number” of Justice stores and a select number of Ann Taylor, Loft, Lane Bryant and Lou & Grey stores, including all stores across brands in Canada, Puerto Rico and Mexico and all Catherines stores.
According to…
Source: The Business Journal
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