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Ann Taylor Owner Files For Chapter 11 Bankruptcy

Video Credit: CBS 3 Philly - Duration: 00:26s - Published
Ann Taylor Owner Files For Chapter 11 Bankruptcy

Ann Taylor Owner Files For Chapter 11 Bankruptcy

The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic.

Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, had been dragged down by debt and weak sales for years.

Katie Johnston reports.


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