71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
PANDORA
Sales Assistant Pavillion
Permanent · WESTVILLE
By
Reuters
Published
Jul 23, 2020
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Ascena Retail files for bankruptcy

By
Reuters
Published
Jul 23, 2020

Ascena Retail Group, owner of Ann Taylor and Lane Bryant, filed for Chapter 11 bankruptcy protection on Thursday, succumbing to the economic fallout of the Covid-19 pandemic.


Instagram: @anntaylor



Shares of Ascena plunged 20% in morning trading after the company also said it plans to close a number of stores and exit its plus-size apparel brand, Catherines.
The company, like many apparel retailers, has seen its business crumble due to the pandemic, as it was forced to close its stores and furlough employees during the lockdown period.

The company, which also owns apparel brands LOFT and Lou & Grey, has about 2,800 stores in the United States, Canada and Puerto Rico.
Even as lockdown restrictions have eased in many states, demand for apparel in the United States has remained weak.

This has added to the troubles at Ascena, which has been struggling for years with declining sales and a mounting debt pile, due to strong online competition.
Since the beginning of March, a number of iconic retailers, including Neiman Marcus, J. Crew and J.C. Penney have filed for bankruptcy.

Ascena said on Thursday its restructuring agreement was supported by more than 68% of its lenders and has received $150 million in funding from existing lenders.
The company, which filed for chapter 11 in the bankruptcy court for the Eastern District of Virginia, also said it expects to reduce its debt by about $1 billion.

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