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ascena retail group Completes Sale of Ann Taylor, LOFT, Lou & Grey an...
ascena retail group Completes Sale of Ann Taylor, LOFT, Lou & Grey and Lane Bryant to Sycamore Partners Continuing to Serve Customers In-Store and Online MAHWAH, N.J., Dec. 23, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (OTCMKTS: ASNAQ) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced that it has completed the sale of the Ann Taylor, LOFT, Lou & Grey, and Lane Bryant brands to Premium Apparel LLC, an affiliate of Sycamore Partners. Premium Apparel has committed to retaining a substantial portion of the retail stores, associates, and corpo...
ascena retail group Signs Asset Purchase Agreement with Sycamore Partn...
ascena retail group Signs Asset Purchase Agreement with Sycamore Partners Agreement Outlines Plan to Sell Ann Taylor, LOFT, Lane Bryant and Lou & Grey MAHWAH, N.J., Nov. 26, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (OTCMKTS: ASNAQ) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced that it has entered into an asset purchase agreement (“APA”) with Premium Apparel LLC, an affiliate of Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, to sell ascena’s Ann Taylor, LOFT, Lane Bryant and L...
ascena retail group Announces Justice Brand Holdings Wins Auction to A...
ascena retail group Announces Justice Brand Holdings Wins Auction to Acquire Justice Intellectual Property MAHWAH, N.J., Nov. 11, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (OTCMKTS: ASNAQ) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced that, following a comprehensive sale process and a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code, Justice Brand Holdings LLC, an entity formed by Bluestar Alliance LLC (a leading brand management company), will acquire the intellectual property of ascena’s Justice brand, cert...
ascena retail group Receives Court Approval of “First Day†Motions...
ascena retail group Receives Court Approval of “First Day” Motions to Support Business Operations Ann Taylor, LOFT, Lane Bryant, Justice and Lou & Grey Continuing to Serve Customers with Compelling Fashion Assortments and an Exceptional Shopping Experience MAHWAH, N.J., July 24, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced that, on July 23, 2020, it received approvals from the United States Bankruptcy Court for the Eastern District of Virginia (the “Court”) for its “First Day” m...
Moody's downgrades Ascena's CFR to Ca following Chapter 11 filing
Rating Action: Moody's downgrades Ascena's CFR to Ca following Chapter 11 filing. Global Credit Research- 24 Jul 2020. New York, July 24, 2020-- Moody's Investors Service downgraded Ascena Retail Group, Inc.' s corporate family rating to Ca from Caa3, probability of default rating to D-PD from Caa3-PD and term loan rating to Ca from Caa3 following the company's announcement that it has filed for protection under Chapter 11 of the US Bankruptcy Code.
ascena retail group Reaches Comprehensive Restructuring Agreement to S...
ascena retail group Reaches Comprehensive Restructuring Agreement to Strengthen Financial Position Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan COVID-19 Pandemic Disrupted Meaningful Progress Underway to Optimize Balance Sheet and Accelerated Need for Proactive, Strategic Step Forward to Protect the Business for All Stakeholders Talented Leadership Team Established Over the Past Year Remains Focused on Driving Sustainable Growth and Profitability Ann Taylor, LOFT, Lane Bryant...
Drag Queen Nina West and Lane Bryant “Say It With Loveâ€
Drag Queen Nina West and Lane Bryant “Say It With Love” Lane Bryant’s new Pride campaign drops today with a dedicated video and digital media starring Columbus, Ohio native West COLUMBUS, Ohio, June 12, 2020 (GLOBE NEWSWIRE) -- Pride may look a bit different this year…but with a little help (and magic) from local Columbus, Ohio Drag Queen Nina West, you’ll be ready to celebrate virtually all month long in ’s newest Pride collection, available now in all open Lane Bryant locations and on LaneBryant.com. Throughout Pride month, Lane Bryant will empower everyone to create their lane their...
ascena retail group Provides Additional Business Update on COVID-19
ascena retail group Provides Additional Business Update on COVID-19 MAHWAH, N.J., May 28, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the “Company”) today provided a brief update related to its most recently completed quarter that ended on May 2, 2020. The estimated 2020 third quarter information presented in this release is preliminary, and is subject to the completion of the Company’s standard procedures for the preparation and completion of its quarterly financial statements. Given that these reviews are ongoing, the Company may make further adjustme...
ASCENA RETAIL GROUP ADOPTS TAX BENEFITS PRESERVATION PLAN
ASCENA RETAIL GROUP ADOPTS TAX BENEFITS PRESERVATION PLAN MAHWAH, N.J., May 26, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq:ASNA) (“ascena” or the “Company”), today announced that its Board of Directors adopted a tax benefits preservation plan. Under the tax benefits preservation plan, the Company will issue a dividend of one right for each share of its common stock held by stockholders of record as of the close of business on June 5, 2020. The plan is designed to protect stockholder value by mitigating the likelihood of an “ownership change” that would result in sign...
Moody's announces completion of a periodic review of ratings of Ascena...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ascena Retail Group, Inc.. Global Credit Research- 18 May 2020. New York, May 18, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Ascena Retail Group, Inc. and other ratings that are associated with the same analytical unit.
Moody's downgrades Ascena's CFR to Caa3
Rating Action: Moody's downgrades Ascena's CFR to Caa3. Global Credit Research- 14 Apr 2020. New York, April 14, 2020-- Moody's Investors Service downgraded Ascena Retail Group, Inc.' s corporate family rating to Caa3 from Caa2, probability of default rating to Caa3-PD from Caa2-PD, and senior secured term loan rating to Caa3 from Caa2.
ASCENA RETAIL GROUP PROVIDES ADDITIONAL BUSINESS UPDATE ON COVID-19
ASCENA RETAIL GROUP PROVIDES ADDITIONAL BUSINESS UPDATE ON COVID-19 MAHWAH, N.J., March 30, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the “Company”) today announced additional measures being taken to mitigate the financial impact of COVID-19. Gary Muto, Chief Executive Officer of ascena commented, “We have been continuously monitoring the impact of COVID-19 and are putting our associates, customers and community at the center of everything that we do. In light of the current environment, we have extended the temporary store closures and will continue ...
ASCENA RETAIL GROUP PROVIDES A BUSINESS UPDATE ON COVID-19
ASCENA RETAIL GROUP PROVIDES A BUSINESS UPDATE ON COVID-19 MAHWAH, N.J., March 17, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the “Company”) today provided a business update on COVID-19. Store Closures In response to the escalating global spread of COVID-19, the Company will temporarily close all Company-operated retail stores, effective March 18 through March 28. During this temporary closure period, all store associates will receive compensation for their scheduled shifts. The brands will continue to operate and serve their customers online at AnnT...
ascena retail group Comments on S&P Global Ratings Report
ascena retail group Comments on S&P Global Ratings Report MAHWAH, N.J., March 12, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the “Company”) today issued the following statement in response to the recent report from S&P Global Ratings (“S&P”) relating to the Company: As previously stated publicly, the ascena Board and management team continue to take proactive actions designed to optimize the Company’s balance sheet. Bankruptcy is not being considered. The Company remains in full compliance with all of its obligations under its financing agreements an...
ascena retail group, inc. Announces Second Quarter Fiscal 2020 Results...
ascena retail group, inc. Announces Second Quarter Fiscal 2020 Results; Loss Per Share Includes Non-Cash Impairment Charges; Exceeds Guidance on Adjusted Operating Income MAHWAH, N.J., March 09, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq - ASNA) (“ascena” or the “Company”) today reported financial results for its fiscal second quarter ended February 1, 2020. Second Quarter Highlights: Comparable sales declined 2%;Operating loss was $140 million, which primarily reflects non-cash impairment charges of goodwill and other intangible assets, offset in part by the benefit of ...
ascena retail group, inc. Announces Fiscal 2020 Second Quarter Financi...
ascena retail group, inc. Announces Fiscal 2020 Second Quarter Financial Results Conference Call on Monday, March 9, 2020 MAHWAH, N.J., March 02, 2020 (GLOBE NEWSWIRE) -- ascena retail group, inc. (Nasdaq - ASNA) (the “Company” or “ascena”) today announces the release of its Fiscal 2020 second quarter financial results will take place on Monday, March 9, 2020. Results will be released over the news wire services at approximately 4:00 PM Eastern Time. The Company will also host a conference call at 4:30 PM Eastern Time to review its results, which will include comments by Carrie Teffner, ...
Moody's says that Ascena's completion of Dressbarn wind down is a cred...
Announcement: Moody's says that Ascena's completion of Dressbarn wind down is a credit positive; no ratings impact. Global Credit Research- 21 Feb 2020. New York, February 21, 2020-- Moody's Investors Service said that Ascena Retail Group Inc.' s 19 February announcement that is has completed the wind down of its Dressbarn operations is a credit positive but has no impact on the company's ratings or outlook.
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