Ascena files for chapter 11
On July 23, 2020, Ascena Retail Group Inc (Ascena) filed for Chapter 11 bankruptcy and announced the closing of all Catherines stores. On November 11, 2020, Ascena Brands announced the closure of all remaining Justice stores as well as the online website after the brand was sold to Bluestar Alliance LLC.
COVID|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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