On Ascena Retail Group announced a $2.16 billion acquisition of Ann Inc. 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 and. In March 2011, the company changed its name to Ann Inc., from Ann Taylor Stores Corporation. In May 1991, the company completed an initial public offering resulting in aggregate net proceeds of approximately $166.5 million. The name supposedly created the ideal identity of classic women's apparel. Liebeskind decided to go with the name Ann Taylor because Ann was considered a very New England name, and Taylor evoked the image of tailored clothing. Both the best-selling dress and the name Ann Taylor were given by the father to his son, Richard Liebeskind, for good luck. "Ann Taylor" was the name of a best-selling dress at Liebeskind's father's store. Richard Liebeskind, the founder of Ann Taylor, opened his first Ann Taylor store in New Haven, Connecticut in 1954.
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