Ascena Retail news and archive

Ascena Retail’s sale of Lane Bryant, Anna Taylor and Loft to close in mid-December

Bankrupted Ascena Retail Group (OTCMKTS: ASNAQ) has agreed to sell the remainder of its retail brands (Lane Bryant, Ann Taylor, Loft, and Lou & Grey) to Premium Apparel LLC, an affiliate of Sycamore Partners LLC for 540 million dollars. The deal is inclusive of termination rights for Ascena including a 54 million dollars termination fee. The...

People

John Welborn appointed to Ascena’s board of directors

Ascena Retail Group, Inc. has appointed John L. Welborn, Jr. as a member of the company’s board of directors. Weborn, the company said, joins the board with extensive experience in capital markets and investing and currently serves as a Managing Director for Stadium Capital Management, LLC, an investment advisory firm whose funds are significant...