Ascena Enters APA with Sycamore Partners to Sell Ann Taylor, Loft and Others
Ascena Retail Group entered into an asset purchase agreement with Sycamore Partner’s affiliate, Premium Apparel, to sell Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands for $540 million on a cash-free and debt-free basis.
November 30, 2020
Alvarez and Marsal | Ann Taylor | Ascena Retail Group | Davis Polk & Wardwell | Gary Muto | Guggenheim Securities | Kirkland & Ellis | Lane Bryant | LOFT | Lou & Grey | Premium Apparel | Stefan Kaluzny | Sycamore Partners
Ellie Delany