Does Ascena Retail Group still exist?
On December 23, 2020, Ascena announced that Sycamore Partners has completed its acquisition of Ann Taylor, LOFT, Lou & Grey and Lane Bryant brands. Ascena is now a privately held company owned by Sycamore Partners and no longer a publicly traded company and has emerged out of bankruptcy.
What companies are under Ascena Retail Group?
Our Company ascena is a national specialty retailer offering apparel, shoes and accessories for women. Through our collective brands—including Ann Taylor, LOFT, Lane Bryant and Cacique—we serve women across generations, identities, affiliations and body types.
Who is the CEO of Ascena Retail Group?
Maria Wilson –
Maria Wilson – Chief Executive Officer – Ascena Retail Group, Inc.
What companies does Lane Bryant own?
Ascena Retail Group has completed the sale of several of its brands, including Columbus-based Lane Bryant, to a new owner. New York City-based Sycamore Partners LLC bought Lane Bryant and its sister brands Loft, Ann Taylor and Lou & Grey, from the bankrupt New Jersey company for $540 million.
How is ascena doing?
Mahwah, formerly known as Ascena Retail Group, filed for bankruptcy in July 2020 with more than $1 billion in debt and plans to close many of its stores. The company’s brands, including Ann Taylor, Lane Bryant and Loft, were later sold to private equity firm Sycamore Partners.
What happened to ascena?
A bankruptcy court has approved Ascena Retail Group’s Chapter 11 plans. Under the plans, Ascena — which owns Ann Taylor, Lane Bryant, Loft and Lou & Grey — will be renamed Mahwah Bergen Retail Group. Ascena originally filed for bankruptcy last July.
What industry is ascena?
Ascena Retail Group, Inc. engages in the retail of apparel for women, and tween girls. It operates through the following segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. The Premium Fashion segment consists of products under Ann Taylor and LOFT brands.
Who is the CEO of Ann Taylor?
Gary P. Muto (Oct 2015–)Ann Inc. / CEO
Is Torrid and Lane Bryant owned by same company?
In 2013, the private equity firm Sycamore Partners bought Hot Topic and began a rebrand for Torrid. It was spun off the next year (Sycamore also bought Torrid competitor Lane Bryant from Ascena in December 2020 through its affiliate, Premium Apparel).
What happened to Ascena Retail?
Is Lane Bryant closing permanently?
More than 150 Lane Bryant stores, including 52 of the plus-size brand’s outlet stores, are expected to permanently close as part of parent company Ascena Retail Group’s bankruptcy.
How many stores does ascena?
Company Overview: Ascena has a total of 4,690 stores that are mostly in the U.S.