ascena Retail: Ascena restructuring approved post-bankruptcy

A bankruptcy court has approved Ascena Retail Group's Chapter 11 plans. Under the plans, Ascena - which owns Ann Taylor, Lane Bryant, Loft and Lou & Grey - will be renamed Mahwah Bergen Retail Group. Ascena originally filed for bankruptcy last July. In December, private equity firm Sycamore Partners agreed to acquire the company - and bring it out of bankruptcy - for $540 million. The deal is valued at $1 billion overall. As ofThe post Ascena restructuring approved post-bankruptcy appeared first on The Real Deal New York.