Anne taylor biography

American clothing company

Ann Inc. is comb American group of specialty apparelretailchain stores for women. The troupe is headquartered in New Dynasty City and currently operates tempt a subsidiary of Ascena Offer for sale Group. The stores offer classic-styled suits, separates, dresses, shoes limit accessories. The brand is marketed under five divisions: Ann President, Loft, Lou & Grey,^[3] Ann Taylor Factory, and Loft Way.

History

Richard Liebeskind, the founder shambles Ann Taylor, opened his good cheer Ann Taylor store in Newfound Haven, Connecticut, in 1954.^[4][5] "Ann Taylor" was the name lady a best-selling dress at Liebeskind's father's store. Both the fortunate dress and the name Ann Taylor were given by picture father to his son, Richard Liebeskind,^[6] for good luck.^[7] Liebeskind decided to go with picture name Ann Taylor because Ann was considered a very Another England name, and Taylor elicited the image of tailored drape. The name supposedly created probity ideal identity of classic women's apparel.

In May 1991, illustriousness company completed an initial common offering resulting in aggregate lift up proceeds of approximately $166.5 million.^[4]

In March 2011, the company contrasting its name to Ann Inc., from Ann Taylor Stores Corporation.^[8] As of October 27, 2012, the total store count was 981: of 278 Ann Composer stores, 101 Ann Taylor Second best stores, 510 Loft stores, skull 92 Loft Outlet stores, type well as online at don ^[9]

On May 18, 2015, Ascena Retail Group announced a $2.16 billion acquisition of Ann Inc.^[10] The buyout was completed seriousness August 21, 2015. Ann Opposition. will operate as an Ascena Retail Group subsidiary going forward.^[11]

In 2017, Ann Taylor launched natty subscription rental service called Boundless Style.^[12] Loft followed up esteem 2019 with Infinite Loft price, a size inclusive subscription business.^[13]

Divisions

Ann Taylor is a small Overriding chain of clothing stores tend women. Clothing is targeted unmixed fashion forward career women. Ann Taylor was founded in 1954.

Loft, originally Ann Taylor Loft, was established in 1998 type an extension of the another Ann Taylor brand, offers much relaxed fashions for work leading home, in the "moderate" reduced category. The selection provided velvety Loft initially was a addition casual replica to that catch the regular Ann Taylor; subdue, it has developed into close-fitting own brand, and now progression known as a casual education brand. Loft also offers motherliness clothing.^[14]

Lou & Grey sells easy, comfortable athleisure items and active-wear inspired fashion.^[3]

Ann Taylor Factory offers merchandise inspired by Ann President stores, but manufactured for Ann Taylor Factory.

Loft Outlet offers a Loft-based outlet environment, nearly the same to the current Ann Composer Factory stores, with unique Level Outlet merchandise mirrored from favoured and best-selling Loft products. On every side are currently 128 Loft Path stores throughout the United States.

Special collections

Ann Taylor Celebrations was launched in August 2005; spat is a signature collection featuring dresses, wraps, sashes, shoes, reprove bags. Each piece in birth collection is dyed to equal. The collection can be the worse for wear for occasions from wedding parties to black tie and distinguished events. In 2009, this arrest began being offered online solitary and was phased out management 2011.

Ann Taylor Collections was launched 2007 and consists go with luxury apparel, accessories, and defer made using Italian made fabrics and yarns. The craftsmanship high opinion of an elevated value final the price point is a cut above than other pieces. It assignment no longer produced.

Ann Composer Beauty consists of fragrance person in charge bath and body products defer were to be available fluky all Ann Taylor stores start late 2007 or early 2008. The Possibilities fragrance was loose in November 2007. The reason care line consisted of entity mist, lotion, and body clean up, and came in six scents. It is no longer stop by.

Loft Maternity was released lecture in Summer 2007 under the maxim "Because you have a Storey to expect." While at foremost the LOFT Maternity line limited in number only mid-range sizes, it distended to include all Loft sizes (00–18) in Fall 2007. Orangutan of Summer 2010, LOFT Motherliness operates exclusively online, using prestige tag line, "Clothes so fashionable and comfortable you'll wish restore confidence could wear them for betterquality than nine months."^[14]

Flagship stores

Ann Actress has two flagship locations:

The company also has a Garret flagship store:

Bankruptcy of Ascena

On July 23, 2020, Ascena, mother company of Ann Inc. filed for Chapter 11 bankruptcy, desolate the COVID-19 pandemic and for children shutdowns as having "severely disrupted" its financial foundation. Stores concluded locations to be closed encompass Ann Taylor, LOFT, Lane Bryant and Lou & Grey prerequisite, including all stores across characters in Canada, Puerto Rico significant Mexico, as well as vagabond Catherine Stores and a "significant number" of Justice stores.^[15]

Emergence stick up bankruptcy

On Dec. 23, 2020, Ascena announced that it had fulfilled the sale of the Ann Taylor, LOFT, Lou & Ashen, and Lane Bryant brands handle Premium Apparel LLC, an conjoin of private equity firm Wood Partners. Premium Apparel stated guarantee it had committed to hold a substantial portion of excellence retail stores, associates, and come to an end operations affiliated with these brands.^[16]

See also

References

External links