Read the following passage and answer if the question is true or false.
Passage: Ann Inc. is an American group of specialty apparel retail chain stores for women. The company headquartered in New York City and currently operates as a subsidiary of Ascena Retail Group. The stores offer classic styled suits, separates, dresses, shoes and accessories. The brand is marketed under five divisions: Ann Taylor, Loft, Lou & Grey, Ann Taylor Factory and Loft Outlet.

Question: is loft the same as ann taylor loft?

Is the answer True or False? Respond with only "True" or "False" and no additional text.
True
False.