Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term...
The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon Ann Taylor was reported to be preparing for a Chapter 11 filing. The Brooks Brothers announcement had been speculated upon...
With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. A Chapter 11 filing would let the firm maintain the operation of some of...
Women’s clothing brand Ann Taylor is getting into subscription commerce. To help get its fashion merchandise into the hands of more customers, the company has made a strategic decision to compete with other clothing rental firms like Rent the Runway, retail news platform Chain Store...
August 31, 2023
Three brands in the specialty apparel retail industry have been brought together in the KnitWell Group, a new holding company formed by private equity firm Sycamore Partners. With three apparel brands under its umbrella — Ann Taylor, Loft and Talbots — KnitWell Group generates combined annual sales of over $3 billion, the holding company said in a Wednesday (Aug. 30) press release. In […]
July 23, 2020
Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The retailer and “certain of its subsidiaries” have...
June 08, 2020
With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy...
November 03, 2017
Women’s clothing brand Ann Taylor is getting into subscription commerce. To help get its fashion merchandise into the hands of more customers, the company has made a strategic decision to...
