Ann Taylor Parent Company Files For Bankruptcy

Name: Ann Taylor Parent Company Files For Bankruptcy
Uploaded: 2020-07-23T14:38:14+00:00
Duration: P27S
Description: Ascena Retail Group has filed for Chapter 11 bankruptcy. The company is planning to close some stores. Its portfolio brands include Ann Taylor, LOFT, and Lane

Video Credit: Wochit News - Duration: 00:27s - Published on July 23, 2020

Ann Taylor Parent Company Files For Bankruptcy

Ascena Retail Group has filed for Chapter 11 bankruptcy.

The company is planning to close some stores.

Its portfolio brands include Ann Taylor, LOFT, and Lane Bryant.

Coronavirus-related store closures hurt the business.

Ascena sales had suffered when mall traffic began to decline even before the pandemic.

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