Ascena Sells Ann Taylor, LOFT, Lane Bryant and Lou & Grey for $540 Million
Retail TouchPoints
NOVEMBER 30, 2020
Ascena Retail Group has entered into an asset purchase agreement with Premium Apparel LLC, an affiliate of private-equity firm Sycamore Partners , to sell its Ann Taylor , LOFT , Lane Bryant and Lou & Grey brands for $540 million. Under the agreement, Premium Apparel has committed to retaining a substantial portion of both the retail stores and associates affiliated with these brands, which span ecommerce websites and approximately 1,500 stores.
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