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Ascena, Hoping to Quell Bankruptcy Talk, Says it’s Meeting All Financial Obligations

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Ascena Retail Group says it’s meeting all of its financial obligations, despite talk around the industry. In response to a New York Post report that a bankruptcy might be close at hand, a spokesman for the company told Sourcing Journal via e-mail, “Ascena is in full compliance under its term loan, which is due in August…

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