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Ascena Adopts Poison Pill as Share Price Plummets

From new denim constructions, weights and washes to the steps global mills are taking to reduce impact, Rivet's SS23 In Season Look Book: Denim & Trims has everything you need to know for a successful denim season.

Following similar moves by retail rivals, Ascena Retail Group is the latest fashion company to adopt a net-operating-loss poison pill plan. The parent company to brands including Lane Bryant and Ann Taylor executed the move to protect tax benefits accorded by net-operating-loss (NOL) carryforwards, and will continue in effect until May 25, 2021, unless earlier…

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