- 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 Ann Taylor, Loft, Lane Bryant and Lou & Grey stores during its restructuring.
- It added that it will be permanently closing all of its stores, across brands, in Canada, Puerto Rico and Mexico.
- The final number of store closings will be determined based on “the ability of Ascena and its landlords to reach agreement on sustainable lease structures,” it said.
https://www.cnbc.com/2020/07/23/ann-taylor-parent-ascena-files-for-chapter-11-bankruptcy.html
