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What happened to Ascena Retail Group?
Is Ascena Retail Group A Chapter 11 debtor?
Will Ascena go bankrupt?
Will Ascena lose $1 billion in debt?
On July 23, 2020, Retail Group, Inc. (f/k/a Ascena Retail Group, Inc.) and 63 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of for the Eastern District of Virginia (Richmond Division).
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.
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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...
Jul 23, 2020 · 114. 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...
Jul 23, 2020 · The company is restructuring under Chapter 11, filing documents on Thursday in the U.S. Bankruptcy Court for the Eastern District of Virginia that include a restructuring support agreement with...
- Daphne Howland
Jul 23, 2020 · Business. Retail. Ascena Retail Group Files Chapter 11 Bankruptcy. The retailer reach agreement with the majority of its secured lenders on a restructuring plan cutting debt by about $1...
Jul 23, 2020 · Key Points. Ascena Retail Group has filed for Chapter 11 bankruptcy protection. Ascena also said it plans to permanently close a “significant” number of Justice stores, along with certain...
