 MAHWAH, N.J., Nov. 11, 2020 GLOBE NEWSWIRE -- ascena retail group, inc. OTCMKTS: ASNAQ and certain of its subsidiaries collectively, ascena or the Company today announced that, following a comprehensive sale process and a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code, Justice Brand Holdings LLC, an entity formed by Bluestar Alliance LLC a leading brand management company, will acquire the intellectual property of ascenas Justice brand, certain other Justice brand assets and assume certain liabilities for total consideration of approximately 90 million. 