Ann Taylor Bankruptcy

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Fashion

Ann Taylor and Lane Bryant Parent Co files for Bankruptcy

Bloomberg reports that Ascena Retail Group Inc., owner of the Ann Taylor and Lane Bryant clothing chains, will close more than half its stores and hand control to its lenders after the Covid-19 pandemic tipped the debt-laden retailer into bankruptcy. The court filing on Thursday is the latest among U.S. retailers that have been pushed over the edge by shutdowns tied to the outbreak. The Chapter 11 action allows Ascena […]

todayJuly 27, 2020

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