Ascena

The first year of the pandemic saw dozens of retail bankruptcies.

Financial

Apparel Retail’s Year in Bankruptcy Court

Major retailers’ court restructurings during the pandemic were fast-paced proceedings designed to cut debt and rent, and transfer ownership.

clock March 23, 2021Sindhu Sundar

Retail

Hear Sycamore Resets Ascena Management

Lizanne Kindler has a solid reputation in retail circles.

clock January 6, 2021David Moin

Mergers and Acquisitions

Done Deal: Ascena Divisions Sold to Sycamore

The acquisition will preserve hundreds of stores and the jobs of thousands of workers.

clock December 23, 2020David Moin

Julie Rosen L Brands Bath & Body Works

Human Resources

L Brands’ Bath & Body Works Adds to C-suite

The appointments follow a string of recent senior-level promotions at the Victoria’s Secret brand.

clock December 21, 2020Kellie Ell

J. Crew in Brooklyn, New York.

Financial

Wave of Bankruptcies Sweeps Through Retail

The coronavirus shutdowns quickly reordered retail, sending many weaker and heavily indebted chains to court.

clock December 21, 2020Evan Clark and Sindhu Sundar

Exterior of the Anne-Taylor Loft store in Paramus, N.J.

Legal

Ascena Gets Bankruptcy Court Approval for Sycamore Deal

The sale of Ascena units including Lane Bryant and Ann Taylor to private equity firm Sycamore is expected to close in the coming weeks.

clock December 8, 2020Sindhu Sundar

Exterior of the Anne-Taylor Loft store in Paramus, N.J.

Retail

Ascena Sells Off Divisions to Sycamore Partners

The deal would significantly expand Sycamore Partners’ retail portfolio.

clock November 26, 2020David Moin

Retail

Ascena Auctions Off Justice IP and Assets

The deal is another step in Ascena’s restructuring through bankruptcy proceedings.

clock November 11, 2020David Moin

Retail

Another ‘Stalking-Horse’ Bid Emerges for Justice

Bluestar Alliance said it topped a previous stalking-horse bid for Justice.

clock October 21, 2020David Moin

Retail

Ascena Agrees to Sell Justice Assets

The bankrupt specialty retailer operating Ann Taylor, Loft, Lane Bryant and Lou & Grey continues to restructure and downsize.

clock October 14, 2020David Moin

Retail

Bankrupt Ascena Advances Restructuring Plan

The company is on track to emerge from Chapter 11 with a dramatically reduced debt and a much smaller store fleet.

clock September 21, 2020David Moin

Exterior of the Anne-Taylor Loft store in Paramus, N.J.

Retail

Bankrupt Ascena Has a Good Day in Court

First-day motions got approved in bankruptcy court on Friday.

clock July 24, 2020David Moin

FILE - This March 5, 2013 file photo shows an Ann Taylor store in Mount Lebanon, Pa. The Ascena Retail Group is buying the owner of Ann Taylor and Loft stores in a cash-and-stock deal valued at about $2.16 billion. Ascena's brands include Lane Bryant, Dress Barn and Cacique. (AP Photo/Gene J. Puskar)

Retail

Ascena Tackled a Tough Market and Fell Short

COVID-19 cut short efforts to recover from an acquisition strategy that ultimately proved unmanageable.

clock July 23, 2020David Moin

FILE - This March 5, 2013 file photo shows an Ann Taylor store in Mount Lebanon, Pa. The Ascena Retail Group is buying the owner of Ann Taylor and Loft stores in a cash-and-stock deal valued at about $2.16 billion. Ascena's brands include Lane Bryant, Dress Barn and Cacique. (AP Photo/Gene J. Puskar)

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 billion.

clock July 23, 2020David Moin

Urban Outfitters

Retail

Urban Outfitters Furloughs Employees for 60 Days Starting April 1

The retailer was just one of many companies to begin layoffs amid the coronavirus pandemic.

clock March 31, 2020Kellie Ell

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Essentialist

Today's Must Read

From left: Carla Zampatti's children Bianca Spender, Alexander Schuman and Allegra Spender, reading a eulogy at their mother's funeral.

Fashion

Australian Designer Carla Zampatti's State Funeral Held in Sydney

clock 17hPatty Huntington

Social Studies

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