The US Bankruptcy Court gave an order approving the sale of certain assets of Ascena Retail Group, Inc. on December 8, 2020. The debtor has been authorized to sell its certain assets to Premium Apparel LLC for a purchase price of $540 million and assumption of liabilities. The debtor’s assets include corporate assets and certain other assets associated with its Lane Bryant brand and its Premium business segment. The buyer is represented by Brian Wolfe and Darren Schweiger of Davis Polk & Wardwell LLP and Gary M. Holihan of The Law Offices of Gary M. Holihan, P.C. as legal advisors.