New York & Company was founded by Samuel A. Lerner ad Harold M. Lane in New York City in 1918.
The company functioned as a subsidiary of Lerner Brands from 1985 to 2002.
In 2004 the company was sold to an investor team which included Irving Place Capital for $153 million.
The new owners took the company public in 2004, trading on the New York Stock Exchange under the symbol NWY.
New York & Company caters to women looking for moderately priced jeans, dresses, coordinates, sunglasses, jewelry, handbags, and hosiery.
The company sells its products through over 500 stores in 43 states. New York & Company has 2,000 employees and had $960 million in revenue in 2013.