ascena retail group, inc. (NASDAQ: ASNA) and ANN
INC. (NYSE: ANN) announced that they have entered
into a definitive merger agreement under which
ascena will acquire ANN INC. for a combination of
cash and stock in an accretive transaction.
Real women live
ever more complicated lives. They juggle more
activities, play more roles and carry more
But what women value is what they have always
valued: connecting with others, making smart
choices, looking and feeling great. Living life
fully means women choose to play all their roles
with confidence and style.
That is why Ann Inc. is in business.
For more than half a century, they have evolved with
the needs of real women who live full, active
lives. Their values are her values. They get that a
woman expresses herself through what she wears – at
work, at home and at play.
To meet her needs, they design pieces for her life
and her changing roles to help her look and feel
confident and beautiful. They create rich
experiences that connect with her wherever she is,
inspire her style and simplify her choices.
ANN associates are committed to and driven by a
simple but profound mission – ‘to inspire and
connect with our clients to put their best selves
forward every day'. This is evident in their great
brands as well as in their commitment to
operating their business responsibly and
thoughtfully. This commitment means that their
clients can look great and feel great about the
clothes they wear, and it means that as a
business they are holding themselves to high
standards. It means forging strong partnerships
with their suppliers so that products are made
ethically. It means investing in new programs and
innovation to minimize their impact on the
environment. And it means making meaningful
contributions to their communities.
ANN's rich heritage dates to 1954, when founder
Richard Liebeskind opened his first shop called Ann
Taylor. Back then, “Ann Taylor" represented a
best-selling dress style that had been gifted to the
storeowner by his father. The “Ann Taylor" design
embodied the well-dressed woman, and the legacy was
born. By 1983, Ann Taylor had grown from a regional
brand to a national brand with 47 stores across the
2011 Summary: ANN is represented by two brands with
multiple channels of distribution. They operate 907
Ann Taylor, Ann Taylor Factory, LOFT and LOFT Outlet
stores in 46 states, the District of Columbia and
Puerto Rico as of October 30, 2010 along with their
e-commerce web sites anntaylor.com and LOFT.com.
2015 Summary: ANN INC. is the
parent Company of Ann Taylor and LOFT, two of the
leading women's specialty retail fashion brands in
North America. As of January 31, 2015, the Company
operated 1,030 Ann Taylor, Ann Taylor Factory,
LOFT, LOFT Outlet and Lou & Grey stores in 47
states, the District of Columbia, Puerto Rico and
Canada. The Company's Ann Taylor and LOFT brands
are also available online in more than 100 countries
worldwide at AnnTaylor.com and LOFT.com or at our
LOFT franchise stores in Mexico.
At Ann Taylor, they champion the modern working
woman and her love of fashion in everything they do.
That's why for generations they have been her go-to
style destination, always leading her with love.
Ann Taylor is much more than a high-quality
collection of beautiful wear now pieces. They offer
a unique combination of fashion, work and flattering
fit. Their goal is always to unleash her
confidence, femininity and feeling of success –
making her shine.
At LOFT, they believe the best relationships are
built on trust. Well, that and an amazing wardrobe.
They became a trusted personal stylist by connecting
with women on a genuine level – equal parts expert,
confidante and friend who tells it like it is.
They give her fashion advice, ideas and inspiration
that make her style aspirations attainable.
They believe in offering versatile, accessible and
affordable fashion with undeniably feminine appeal,
special and unexpected details and a flattering fit.