ascena Retail: Ascena rescued from bankruptcy by private equity firm

Private-equity firm Sycamore Partners got the green light to grab several Ascena Retail Group brands - Ann Taylor, Lane Bryant, Loft and Lou & Grey - out of bankruptcy. Judge Kevin Huennekens of the U.S. Bankruptcy Court in Richmond, Virginia, approved the sale of the majority of Ascena's remaining assets to Sycamore Partners, the Wall Street Journal reported. The firm agreed last month to a purchase price of $540 million. The deal overall is valuedThe post Ascena rescued from bankruptcy by private equity firm appeared first on The Real Deal New York.