Lenders Fear Ascena with 3,519 Stores May File for Bankruptcy

Ascena Retail Group – which operated 3,519 stores of the brands Dressbarn, Ann Taylor, Loft, Lou & Grey, Lane Bryant, Cacique, Catherines, and Justice – may soon file for bankruptcy. That is the fear of a group of about 40 lenders that Ascena owes over $1.4 billion.