The company is headquartered in New York City and currently operates as a subsidiary of Ascena Retail Group.

Both the best-selling dress and the name Ann Taylor were given by the father to his son, Richard Liebeskind,[6] for good luck.

In May 1991, the company completed an initial public offering resulting in aggregate net proceeds of approximately $166.5 million.

[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.

Ann Taylor Celebrations was launched in August 2005; it is a signature collection featuring dresses, wraps, sashes, shoes, and bags.

As of Summer 2010, LOFT Maternity operates exclusively online, using the tag line, "Clothes so stylish and comfortable you'll wish you could wear them for more than nine months.

"[14] Ann Taylor has two flagship locations: The company also has a Loft flagship store: On July 23, 2020, Ascena, parent company of Ann Inc. filed for Chapter 11 bankruptcy, citing the COVID-19 pandemic and subsequent shutdowns as having "severely disrupted" its financial foundation.

[15] On Dec. 23, 2020, Ascena announced that it had completed the sale of the Ann Taylor, LOFT, Lou & Grey, and Lane Bryant brands to Premium Apparel LLC, an affiliate of private equity firm Sycamore Partners.

Premium Apparel stated that it had committed to retaining a substantial portion of the retail stores, associates, and corporate operations affiliated with these brands.