Sycamore Partners Affiliate Acquires Ann Taylor, LOFT, Lou & Grey and Lane Bryant from Ascena Retail Group

December 23, 2020

Sycamore Partners, through affiliate Premium Apparel LLC, completed the purchase of the Ann Taylor, LOFT, Lou & Grey and Lane Bryant brands from ascena retail group as part of Ascena’s Chapter 11 restructuring. Premium Apparel committed to retaining a substantial portion of the brands’ retail stores, associates and corporate operations as Sycamore expands its retail portfolio.

Buyers
Premium Apparel LLC (affiliate of Sycamore Partners), Sycamore Partners
Targets
Ann Taylor, LOFT, Lou & Grey, Lane Bryant
Sellers
ascena retail group, inc.
Industry
Retail
Location
New Jersey, United States
Transaction Type
Divestiture

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