Ascena Retail Group History
Earlier company descriptions, brand line-ups, store counts and photographs from the history of Ascena Retail Group, kept for historical reference.
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The Company Description of Its Time
ascena retail group, inc. (Nasdaq: ASNA) is filed as a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (dressbarn), Plus Fashion segment (Lane Bryant, Catherines, and Cacique), and for tween girls under the Kids Fashion segment (Justice). Through its retail brands it operates ecommerce websites and approximately 3,500 stores throughout the United States, Canada, and Puerto Rico. That segment map - premium, value, plus, kids - is the company's own organising idea, and it is the most useful single paragraph in the filing.
2015 to 2019: Acquisition, Sale and Closure
On May 18, 2015, ascena retail group, inc. (NASDAQ: ASNA) and ANN INC. (NYSE: ANN) announced a definitive merger agreement under which ascena would acquire ANN INC. for a combination of cash and stock - the transaction that brought the Ann Taylor and LOFT segment into the group, and the same announcement told from the other side on the Ann Inc. profile in this letter. The two filings agree because they record the same event; the directory keeps both so a reader arriving at either company finds the connection stated.
The 2019 entries record contraction with the same plainness. In March 2019, OpCapita, a European private equity firm, announced it is picking up a majority stake in Maurices, ending 14 years of ownership by Ascena Retail Group. In May 2019, Ascena announced that they are going to close all Dressbarn store locations. Sale and closure notices are part of a retail group's real history, and they are kept here dated and attributed rather than quietly dropping the departed brands from the segment story - a reader comparing the 2015 brand list with the later segment list can see exactly what changed and when it changed.
Photos
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References & Further Reading
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