×
1 021
Fashion Jobs
CLINIQUE
Clinique Consultant - 18 Hrs - Kelowna, bc
CDI · Kelowna
OLD NAVY
General Manager -Toronto Premium Outlets - Halton Hills, on
CDI · Halton Hills
ESTÉE LAUDER COMPANIES
Operations Manager
CDI · Toronto
ESTÉE LAUDER COMPANIES
Manager, Supply Chain Finance
CDI · Markham
CLINIQUE
Associate Consultant - Clinique - Barrie, on
CDI · Barrie
ADIDAS
Manager, Platform Operations
CDI · Vaughan
ESTÉE LAUDER COMPANIES
Senior Solutions Business Analyst – Mes And Manufacturing Systems
CDI · Markham
CLINIQUE
Clinique - Consultant - Hbc, Park Royal, Vancouver, bc
CDI · Vancouver
CLINIQUE
Clinique - Consultant -Hudsons Bay - Montreal, qc
CDI · Montreal
CLINIQUE
Clinique - Consultant - Lasalle, Montreal , qc
CDI · Montreal
CLINIQUE
Clinique - Consultant -Hudsons Bay - Montreal, qc
CDI · Montreal
CLINIQUE
Clinique - Consultant - Hbc Bayshore in Ottawa, on
CDI · Ottawa
ADIDAS
Senior Financial Analyst, Adidas Brand
CDI · Vaughan
ADIDAS
Senior Financial Analyst, Adidas Brand
CDI · Vaughan
HUGO BOSS
Purchasing & Imports Administrator - Toronto
CDI · Ontario
ESTÉE LAUDER
Business Manager - Estee Lauder - Richmond, bc
CDI · Victoria
CLINIQUE
Associate Consultant - Clinique - Sarnia, on
CDI · Sarnia
CLINIQUE
Hrs - Clinique - Consultant at Hbc Bayshore, Ottawa, on
CDI · Ottawa
CLINIQUE
Clinique Consultant - 30 Hrs - Hudsons Bay Whiteoaks - London, on
CDI · LONDON
CLINIQUE
Clinique Consultant - 18 Hrs - Hudsons Bay Whiteoaks - London, on
CDI · London
CLINIQUE
Clinique Consultant - 39 Hrs - Montréal, qc
CDI · Montreal
ESTÉE LAUDER
Business Manager - Estée Lauder - Toronto, on
CDI · Toronto

Ascena announces reduction in board size

Published
today Jun 28, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ascena Retail Group, Inc. has announced the resignation of two of its board members, Steven Kirshenbaum and Marc Lasry, effective June 30, 2019. 


Instagram @loft


Coinciding with the departures, Ascena said it has also approved a reduction in its board size, taking it from 12 to 10 directors.

The board shakeup comes as Ascena, which owns brands like Lou & Grey, Ann Taylor and Cacique, continues to reduce the size of its portfolio.

The transformation plan, announced prior to the appointment of new CEO, Gary Muto, has already resulted in the sale of Ascena’s Maurices brand to an affiliate of OpCapita LLP, as well as the shutdown of Dressbarn.

“The reduction in the size of the board is consistent with our decision to focus on a portfolio with fewer brands and to right-size the corporate overhead structure,” said Carrie Teffner, interim executive chair of Ascena. 

Earlier this month, Ascena reported a narrower-than-expected adjusted net loss for the third quarter but disappointed with stagnant net and comparable sales.

While the company reported positive comps from its premium segment of Ann Taylor and Loft, Ascena’s quarterly net loss widened to $238 million ($1.20 per diluted share), compared to a loss of $40 million ($0.20 per diluted share) in the year-prior period.

Copyright © 2019 FashionNetwork.com All rights reserved.