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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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