Sycamore to buy Ann Taylor, Lane Bryant and other store brands for $540m: WSJ

Sycamore Partners has agreed to acquire Ascena Retail Group Inc, the bankrupt parent company of store brands such as Ann Taylor and Lane Bryant, for $540 million, reported the Wall Street Journal.

Sycamore Partners has agreed to acquire Ascena Retail Group Inc, the bankrupt parent company of store brands such as Ann Taylor and Lane Bryant, for $540 million, reported the Wall Street Journal. Ascena filed for chapter 11 bankruptcy in July.

Source: WSJ