Ann in non-disclosure agreement with Golden Gate Capital

New York --Ann Inc., parent of Ann Taylor and Loft, said Tuesday it has entered into a non-disclosure agreement with Golden Gate Capital to provide certain non-public information with the private equity firm.



Golden Gate disclosed in a filing in March it bought a 9.5% stake in the women's clothing retailer. Ann said it has been engaged in a "collaborative, constructive" dialogue with Golden Gate since March.



In September, hedge funds Red Alder LLC and Engine Capital urged Ann to consider selling itself to a private equity firm or another apparel company, putting more pressure on the chain to boost its performance.



Golden Gate also owns stakes in other retailers, including J. Jill and Eddie Bauer.