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Country: United States

Ann Taylor, founded in 1954 in the USA, is a renowned clothing brand. In 2012, it employed 19,900 people and owned 981 stores.

In 2015, Ann Taylor became a subsidiary of Ascena Retail Group following its acquisition for $2.16 billion. In 2020, following Ascena's bankruptcy, private equity firm Sycamore Partners bought Ann Taylor, ensuring the brand's continuity.

News

Ann Taylor closes its international stores 23/07/2020

Key figures relevant to market research on Ascena Retail Group: Ascena Retail Group is parented by Ann Taylor, Lane Bryant, Lou & Gray, and Justice. The company has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Virginia. It reached a restructuring agreement with 68% of its secured term lenders. It secured $150 million in new funds from its existing lenders. Ascena will eliminate approximately $1 billion of its approximately $12.5 billion in debt through the restructuring process. The company plans to close all stores in Canada, Puerto Rico and Mexico, as well as all units under the Catherines banner. It will sell Catherines' intellectual property and e-commerce activities to a subsidiary of City Chic. Ascena will close a significant number of Justice stores and a limited number of Ann Taylor, Loft, Lane Bryant and Lou & Gray outposts. The company has reopened around 95% of its stores and will continue to serve customers in these stores and online throughout the Chapter 11 process. Ascena had already faced years of financial losses prior to the COVID-19 pandemic.

Studies mentioning this company

The women's ready-to-wear market - France

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  • SMCP Groupe (Claudie Pierlot)
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  • Zadig et Voltaire
  • Kookaï
  • Indies Groupe
  • Forever 21
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  • Maison Montagut - Le Chatelard
  • Isabel Marant
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  • Levi’s
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