Ascena Retail Group Inc. ASNA, -6.47%, parent of retail chains Ann Taylor and Loft, filed for Chapter 11 bankruptcy Thursday, with a restructuring deal backed by more than 68% of its guaranteed term lenders, crushed by the effects of the coronavirus pandemic on its already troublesome business. The Mahwah, NJ-based …
Read More »Ann Taylor’s mother Ascena files for bankruptcy when pandemic crushes already troubled retailer
