Ascena Retail Group Files Bankruptcy, Citing Covid-19 as the Main Culprit

The apparel company oversees brands such as Ann Taylor, Loft and Lane Bryant

an ann taylor storefront
Ann Taylor is one of several retail banners operated by apparel group Ascena, which filed for Chapter 11. Getty Images

Ascena Retail Group, the parent of brands such as Ann Taylor and Loft, filed for Chapter 11 bankruptcy protection this morning in Virginia, the company announced.

@RichCollings Richard Collings is a retail reporter at Adweek.