Golden Gate adds to retail holdings with Ann Inc. stake

03/20/2014 | New York Times (tiered subscription model), The

Private equity firm Golden Gate Capital has acquired a 9.5% equity stake in Ann Taylor parent Ann Inc., the firm revealed in a regulatory filing. Golden Gate, whose previous retail investments include Eddie Bauer, J.Jill, Zale and Payless ShoeSource, said it supports Ann Inc.'s strategy and has no plans to see changes on the board or executive team or push for any other shakeups at the company.

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