KnitWell Group
| Formerly | Ascena Retail Group, Inc. (2011-2023) |
|---|---|
| Company type | Private |
| Industry | Retail (women's clothing) |
| Predecessor | Dressbarn |
| Founded | February 13, 1962, in Stamford, Connecticut, United States |
| Founders | Roslyn Jaffe, Elliot Jaffe |
| Headquarters | Mahwah, New Jersey, United States |
Number of locations | 2,764 (Feb. 2020) |
Area served | United States, Canada, Puerto Rico, Mexico |
Key people | Lizanne Kindler (CEO) |
| Products | Women's clothing products (district stores for young women and older women) |
| Revenue | US$5.493 billion (2019) |
| US$-782 million (2019) | |
| US$-661 million (2019) | |
| Total assets | US$ 2.7 billion (2019) |
| Total equity | US$ 151 million (2019) |
| Owner | Sycamore Partners |
Number of employees | 53,000 (Aug. 2019) |
| Subsidiaries | Ann Taylor Cacique Catherines Lane Bryant Lou & Grey LOFT Justice Talbots |
| Website | www |
KnitWell Group is an American retailer of women's clothing. KnitWell is the parent company of Ann Inc., operator of Ann Taylor and Loft stores, and the Lane Bryant, Justice, and Talbots clothing store brands. A portfolio company of Sycamore Partners, the company was formerly known as Ascena Retail Group, Inc. until it merged with Talbots, another Sycamore portfolio company, to become KnitWell Group.
Prior to the Sycamore acquisition, Chairman Emeritus Elliot Jaffe and his wife and co-founder, Roslyn, own about 25% of the company.