Home Business Justice model to outlive Ascena chapter (OTCMKTS:ASNAQ)

Justice model to outlive Ascena chapter (OTCMKTS:ASNAQ)

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Bankrupt Ascena Retail Group (OTCPK:ASNAQ) landed a $5M stalking horse offer for its Justice chain, in accordance with The Wall Road Journal.

IHL Group plans to show the enterprise into primarily a web-based model if the deal goes by means of.

Ascena advised the chapter court docket that it plans to request a speedy sale course of for Justice.

Ascena swooned from $12.61 to as little as $0.57 earlier than the chapter submitting. Throughout the chapter interval, ASNAQ has ranged from $0.25 to $0.85.

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