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As of October 27, 2012, the total store count was 981: of 278 Ann Taylor stores, 101 Ann Taylor Factory stores, 510 Loft stores, and 92 Loft Outlet stores, as well as online at AnnTaylor.com and Loft.com. [9] On May 18, 2015, Ascena Retail Group announced a $2.16 billion acquisition of Ann Inc. [10] The buyout was completed on August 21, 2015.
Limited Too changed its name to Tween Brands in 2008, and the company had almost completely converted its remaining Limited Too stores to Justice stores at the time of the Ascena acquisition. In 2012, Ascena Retail Group acquired Charming Shoppes , which was the parent holding company for Lane Bryant, Cacique and Catherines Plus, for $900 million.
An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock , closeout , returned , factory seconds , or lower-quality versions manufactured ...
NEW YORK (AP) — The Ascena Retail Group is buying the owner of Ann Taylor and Loft in a cash-and-stock deal valued at about $2.16 billion. Ann Taylor will join a stable of retail clothing stores ...
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Happiness Candy Stores, Inc., was controlled by Loft, Inc. [2] Loft, Inc., merged with PepsiCo following an agreement of merger filed in Wilmington, Delaware in June 1941. [3] Loft Candy Corporation was shortly spun off, acquired by Philadelphia retail magnate Albert M. Greenfield's City Stores Company chain. Rapid expansion followed, with Loft ...