Report: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena
PYMNTS
JULY 31, 2020
The New Jersey-based company operates about 3,000 stores, mostly at malls. ABG has emerged as a major player in retail mergers and acquisitions as the COVID-19 crisis hurts brick-and-mortar stores while fueling online sales. It has suffered from weak sales and has also been hurt by debt. billion debt.
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