Deals
Ann Taylor Parent Considers Sale of Lane Bryant, Catherines
- Ascena’s lenders hire advisers to address debt and performance
- The collection of chains hasn’t been profitable since 2014
A Lane Bryant store in Cerritos, California
Photographer: Araya Diaz/Getty Images for Lane Bryant
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Struggling Ascena Retail Group Inc. is considering the sale of two more of its chains amid mounting losses and signs that creditors are losing confidence in the company’s prospects.
Ascena has held discussions about divesting Catherines and Lane Bryant, which specialize in plus-size women’s apparel, according to people with knowledge of the matter. They asked not to be identified because the process isn’t public.