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April 7, 1993 | From Times Staff and Wire Reports
President of AnnTaylor Stores Resigns: AnnTaylor Stores Corp. said Joseph Schumm resigned as president and chief operating officer after 14 months in the posts. Schumm, who joined the women's apparel retailer after its 1989 leveraged buyout, also resigned from the retailer's board. The 48-year-old executive wasn't available for comment. The company intends to leave the office of president vacant.
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BUSINESS
April 7, 1993 | From Times Staff and Wire Reports
President of AnnTaylor Stores Resigns: AnnTaylor Stores Corp. said Joseph Schumm resigned as president and chief operating officer after 14 months in the posts. Schumm, who joined the women's apparel retailer after its 1989 leveraged buyout, also resigned from the retailer's board. The 48-year-old executive wasn't available for comment. The company intends to leave the office of president vacant.
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BUSINESS
February 1, 1992 | Associated Press
AnnTaylor Stores Corp. has named Sally Frame Kasaks, former president of the specialty apparel chain, as its chairman and chief executive. Kasaks, 47, has been president of Abercrombie & Fitch, a division of Limited Inc., since 1989. She succeeds the retiring Joseph E. Brooks. Her appointment will bring her back to AnnTaylor after a seven-year absence. Kasaks takes over at a difficult time for the women's clothing chain. It has suffered a 1.6% drop in sales at its stores open at least a year.
BUSINESS
July 15, 1986 | MARTHA GROVES, Times Staff Writer
Associated Dry Goods named its price Monday, saying it would be willing to accept a takeover bid by May Department Stores if May would increase the value of its nearly $2.7-billion offer by about $100 million. But Associated said May so far has been unwilling to go that high in back-and-forth negotiations that have gone on since the bid was first made public June 22.
NEWS
July 17, 1986 | MARTHA GROVES, Times Staff Writer
In a merger that will put two of Southern California's major department store chains under common ownership, Associated Dry Goods finally agreed Wednesday to be bought by May Department Stores in an exchange of stock worth $2.47 billion. May is the parent of May Co. California, and Associated owns the J. W. Robinson chain. Combined, the two companies would rival Federated Department Stores, the nation's largest department store company and owner of Bullock's here.
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