Ascena Retail Group Inc., the distressed parent company of Ann Taylor and Lane Bryant, plans to pay about $5.5 million in cash retention and incentive awards to three executives, becoming the latest struggling company to hand out bonuses to top management.
The incentives come after Ascena warned last month that it was evaluating all options as the coronavirus pandemic has significantly disrupted its business, resulting in reduced earnings and cash flow, as well as higher levels of debt and deferred liabilities.
..."pay" - Google News
June 23, 2020 at 04:42AM
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Ann Taylor Parent to Pay Retention Bonuses to Top Brass - The Wall Street Journal
"pay" - Google News
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