Ascena Retail group receives k to promote chains to private fairness company

Retail news

The Wall street Journal

Ascena Retail has acquired court approval to proceed with the sale of Ann Taylor, Lane Bryant, Loft and Lou & grey to Sycamore partners in a deal valued at round $1 billion. A U.S. bankruptcy court docket in Richmond, VA, gave its ok for the deal to proceed despite objections raised by means of the Justice department’s workplace of the U.S. Trustee.

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