Ann Taylor is a retail chain store of specialty apparel for women. They mainly sell fashionable products and classic styled dresses, suits, separates, shoes and related accessories. They have four major divisions - LOFT, Ann Taylor, LOFT Outlet and Ann Taylor Factory. Richard Liebeskind was the founder of the company. The first store of Ann Taylor was inaugurated in 1954, at New Haven in Connecticut. In 1991, they complete a public offering and aggregated a net proceed of nearly $166.5 million. In 2011, they were renamed as Ann Inc. In 2012, there were 981 stores of the brand. Online centers of LOFT.com and AnnTaylor.com were also inaugurated.