Ascena Retail Group, Inc. – Seeks Approval for $540mn Private Sale of Lane Bryant, Ann Taylor, LOFT, and Lou & Grey Assets to Sycamore Partners Management
November 26, 2020 – The Debtors have requested Court approval of a proposed $540.0mn private sale of their remaining businesses, which include the Lane Bryant brand and the Premium business segment (the latter comprised of Ann Taylor, LOFT, and Lou & Grey) to Premium Apparel LLC (the “Buyer”), an affiliate of Sycamore Partners Management, L.P….