Deals
Ascena Is Exploring the Sale of Its Dressbarn Retail Chain
- Owner announced buyer for Maurices unit earlier this week
- Ann Taylor parent company carries about $1.6 billion in debt
Dressbarn in Nanuet, New York.
Photographer: Dave Kotinsky/Getty ImagesThis article is for subscribers only.
Ascena Retail Group Inc. continues to clean out its closets.
The parent of Ann Taylor and Lane Bryant is exploring options for its lower-priced women’s clothing chain, Dressbarn, according to people familiar with the matter. It’s shopping the chain to potential buyers, said the people, who declined to be identified because the process isn’t public.