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Chapter 11
- Ascena Retail Group, the parent of brands such as Ann Taylor and Loft, filed for Chapter 11 bankruptcy protection this morning in Virginia, the company announced. Tied to the bankruptcy is a restructuring agreement with a majority of its secured lenders, under which Ascena would reduce its debt by about $1 billion, swapping it out for equity.
www.adweek.com › commerce › ascena-retail-group-files-bankruptcy-citing-covid-19-as-the-main-culpritAnn Taylor and Loft Parent Ascena Files for Bankruptcy - Adweek
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Retail Group, Inc. (f/k/a Ascena Retail Group, Inc.) and 63 affiliated debtors filed for Chapter 11 bankruptcy in July 2020 and confirmed their Plan of Reorganization in March 2021. Find case information, important dates, parties, claims, and notices on this web page.
Jul 23, 2020 · 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.
Jul 23, 2020 · The retailer of Ann Taylor, Loft, Lane Bryant and others enters into a restructuring agreement with its lenders to cut debt and close stores. The COVID-19 pandemic disrupted its growth and profitability, forcing it to file for bankruptcy protection.
Jul 23, 2020 · Ascena Retail Group, which has filed for bankruptcy, acquired Ann Taylor in 2015 to attract customers willing to pay higher prices, but the strategy backfired. Sam Hodgson for The New York...
Mar 4, 2021 · A bankruptcy court has approved Ascena Retail Group’s Chapter 11 plans. Under the plans, Ascena — which owns Ann Taylor, Lane Bryant, Loft and Lou & Grey — will be renamed Mahwah Bergen Retail...
Jul 23, 2020 · Ascena, the owner of Ann Taylor and Lane Bryant, filed for Chapter 11 in July 2020 amid the COVID-19 pandemic. The retailer had acquired several brands in the last decade, but struggled with declining sales, debt and competition in the apparel industry.
On July 23, 2020, the company filed for Chapter 11 bankruptcy and announced the closing of all Catherines and Lou & Grey stores, a significant number of Justice stores, and a select number of Ann Taylor, LOFT, and Lane Bryant stores.
