Ascena Retail Group, Inc. (ASNA)
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Dressbarn's new owners had to figure out how to convert longtime customers to online shoppers, while making the brand relevant to a younger demographic.
Bankrupt Ann Taylor parent Ascena Retail Group Inc. has entered into an asset purchase agreement with Premium Apparel LLC, a subsidiary of private-equity firm Sycamore Partners, for $540 million. The deal includes the Ann Taylor, Loft, Lou & Grey and Lane Bryant brands.
Iconic women's clothing brands Ann Taylor, LOFT and Lane Bryant will be bought out of bankruptcy by private equity firm Sycamore Partners, the companies said Thursday. After filing for Chapter 11 bankruptcy protection in July, Ascena Retail Group — the owner of the apparel brands — reached a deal to sell off its remaining assets.
Ann Taylor is packing up the alpaca. Ascena Retail Group, the clothing conglomerate that owns the Ann Taylor, LOFT and Lou & Grey plans to stop using wool from the llama-like creatures amid concerns from animal-rights activists about the sometimes brutal process of producing it.
Will these be the first in a wave of mall REIT troubles?
Court Approv es Disclosure Statement and Debtor-in-Possession Financing on Final Basis; Debtor-in-Possession Financing to Convert to Exit Financing Upon Emergence
Dressbarn is now an on-line retailer. It has great growth since new owners took over.
Happy Returns announced a partnership with Dressbarn to offer customers box-free returns at locations nationwide. Returns of apparel purchased online can run between 20-40% depending on the retailer, and the return process itself can be a daunting task for the customer.
Dressbarn Partners With Happy Returns To “Restore” In-Person Returns For Shoppers Of The Well-Known Brand2020-09-15 06:00
SANTA MONICA, Calif.--(BUSINESS WIRE)--Dressbarn Partners With Happy Returns To “Restore” In-Person Returns For Shoppers Of The Well-Known Brand
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