CNN: Ascena, owner of Ann Taylor and Lane Bryant, files for bankruptcy

CNN: Ascena, owner of Ann Taylor and Lane Bryant, files for bankruptcy. “Ascena Retail Group, the owner of Ann Taylor and other clothing brands, has filed for bankruptcy. It’s the latest retailer forced to take that step during the Covid-19 pandemic. The company, which has been struggling long before coronavirus struck, said it would close all of its Catherines stores, a significant (but undisclosed) number of Justice stores and a smaller number of Ann Taylor, LOFT, Lane Bryant and Lou & Grey stores.”