Ascena Retail news and archive

Ascena promotes Dan Lamadrid to Chief Financial Officer

Ascena Retail Group, Inc. has promoted Dan Lamadrid, currently SVP, finance and chief accounting officer to Executive Vice President and Chief Financial Officer, effective August 4, 2019, replacing Robb Giammatteo, who informed the company that he intends to leave the company at the end of August. The company said, Lamadrid will report directly...

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John Welborn appointed to Ascena’s board of directors

Ascena Retail Group, Inc. has appointed John L. Welborn, Jr. as a member of the company’s board of directors. Weborn, the company said, joins the board with extensive experience in capital markets and investing and currently serves as a Managing Director for Stadium Capital Management, LLC, an investment advisory firm whose funds are significant...

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Ascena Co-Founder Elliot Jaffe to retire

Ascena Retail Group has said that Elliot S. Jaffe, the company’s Co-Founder and Non-Executive Chairman of the Board has decided to not to stand for re-election at the 2016 annual meeting of stockholders, and to retire as an officer of the company and from the board, at the end of the 2016 AGM. “EJ’s leadership has, from the start, provided the...

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Management

Timeline: Is Growth for Change changing Ascena for good?

Barely days after Ascena Retail announced its turnaround initiative, ‘Growth for Change’, the apparel group’s shares were down around 30 percent. Investors, analysts and competitors are closely following the performance of the company, which has been grown in the past years by acquiring healthier fashion companies. The parent company of Lane...

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Business

Ascena closes Brothers stores and reshuffles Justice

Ascena Retail Group, Inc. (ASNA), has announced that, as part of a strategic review of its Justice business, it has decided to close its Brothers brand. Besides, it will take Justice’s range back to basics. Operations are expected to be fully wound down by the end of the company’s fiscal year, reported ‘MarketWatch’. In this regard, Ascena CEO...