Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels
PYMNTS
DECEMBER 10, 2020
filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. The merchant and “certain of its subsidiaries” had arrived at a restructuring support agreement (RSA) with over 68 percent of secured term lenders. In July, Ascena Retail Group, Inc.
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