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Ann Taylor and Loft Change Hands in Sycamore’s $540M Ascena Deal

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Bankrupt Ascena Retail Group Inc.’s exit strategy for its retail brands will be a sale to Premium Apparel LLC, an affiliate of private equity firm Sycamore Partners, for $540 million plus the assumption of certain liabilities. The transaction is set to close by the middle of December. Ascena said Thursday that the deal will include…

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