Ascena Retail Group is in discussions to sell its Catherines and Lane Bryant plus banners, Bloomberg reported Thursday, citing unnamed sources. "It is ascena retail group’s policy not to comment on speculation or rumor," a company spokesperson told Retail Dive in an email.
The struggling apparel conglomerate earlier this year divested itself of other operations, winding down its Dressbarn banner and shuttering all 650 of those stores after it couldn't find a buyer, and selling its majority stake in discount banner Maurices.. . . more