The company was named after Annice Summers, secretary to founder Michael Caborn-Waterfield. It was purchased in 1971 by brothers Ralph and David Gold, who turned it from a standard sex shop into a high street lingerie chain. In 1981 David Gold installed his daughter Jacqueline Gold as Executive Chair, and she introduced the Party Plan concept — at its peak there were around 4,000 Ann Summers parties a week in the UK.
Today Ann Summers is a British multinational retailer specialising in sex toys and lingerie, with high street stores across the UK, Ireland and the Channel Islands. It acquired the Knickerbox underwear brand in 2000, and developed the Rampant Rabbit vibrator, of which the stores sell two million a year.