Report: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena
PYMNTS
JULY 31, 2020
Authentic Brands Group ( ABG ), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group , the recently bankrupt parent firm of Ann Taylor, Footwear News reported. The goal, Ascena said, is to eliminate $1 billion of its $12.5 billion debt.
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