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Ann Taylor Acquirer Hid Underperforming Sales, Investor Says

By John Petrick ( June 10, 2019, 6:04 PM EDT) -- An Ascena Retail Group stockholder has filed suit in New Jersey federal court alleging executives promised more than $1 billion in projected earnings and efficiencies from its acquisition of women's apparel group Ann Inc., only to become saddled with unexpected expenses and underperforming brands....

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