Just a few years ago Ascena Retail Group was one of the largest retailers for women’s clothes. Thursday, it filed for bankruptcy. The company, which owns Ann Taylor and Lane Bryant, will close 1,600 of its approximately 2,800 stores in an attempt to shed $1 billion of its $1.1 billion in debt, according to The New York Times. The company said it was in the process of recovering from earlier troubles when the coronavirus hit.
source https://therealdeal.com/2020/07/23/ann-taylor-and-lane-bryant-parent-company-files-for-bankruptcy/
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