Ascena Retail news and archive

Ascena Retail’s sale of Lane Bryant, Anna Taylor and Loft to close in mid-December

Bankrupted Ascena Retail Group (OTCMKTS: ASNAQ) has agreed to sell the remainder of its retail brands (Lane Bryant, Ann Taylor, Loft, and Lou & Grey) to Premium Apparel LLC, an affiliate of Sycamore Partners LLC for 540 million dollars. The deal is inclusive of termination rights for Ascena including a 54 million dollars termination fee. The...

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Ascena promotes Dan Lamadrid to Chief Financial Officer

Ascena Retail Group, Inc. has promoted Dan Lamadrid, currently SVP, finance and chief accounting officer to Executive Vice President and Chief Financial Officer, effective August 4, 2019, replacing Robb Giammatteo, who informed the company that he intends to leave the company at the end of August. The company said, Lamadrid will report directly...

People

John Welborn appointed to Ascena’s board of directors

Ascena Retail Group, Inc. has appointed John L. Welborn, Jr. as a member of the company’s board of directors. Weborn, the company said, joins the board with extensive experience in capital markets and investing and currently serves as a Managing Director for Stadium Capital Management, LLC, an investment advisory firm whose funds are significant...

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Analysts rise target price on Ascena Retail Group

Analysts at FBR Capital increased their price target on shares of Ascena Retail Group from $34.00 to $38.00 in a research report issued to clients and investors on Monday. They currently have a “market perform” rating on the company’s shares. On their own, analysts at SunTrust downgraded shares of Ascena Retail Group from a “buy” rating to a “...