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Simon Property Asks Bankruptcy Court To Toss Ascena Reorganization Plan

Mall Owner Says Sycamore Would Close Many Stores It Leases From Landlord
Simon Property Group claims the purchaser of Ascena Retail Group, owner of chains such as Ann Taylor, plans to significantly reduce the company's physical footprint. (Getty Images)
Simon Property Group claims the purchaser of Ascena Retail Group, owner of chains such as Ann Taylor, plans to significantly reduce the company's physical footprint. (Getty Images)
CoStar News
February 9, 2021 | 2:50 AM

Simon Property Group is urging a bankruptcy judge to reject a proposed reorganization plan for Ascena Retail Group, claiming the company's new owner plans to close 160 of the 226 stores it leases from the mall landlord.

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