FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue Capital and J Brand management. J Brand is a leading contemporary fashion brand based in Los Angeles, California.As part of the transaction, FAST RETAILING will acquire an 80.1% stake in J Brand, and the balance will be owned by the management of J Brand. The transaction is expected to close by the end of December 2012, subject to customary closing and regulatory approvals.
J Brand is a leading contemporary fashion company with significant experience in women’s and men’s apparel, particularly in the denim category. Founded in 2005 by Mr. Jeff Rudes, Chief Executive Officer, the company has developed a variety of unique denim fabrications.
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
Today, J Brand is well-recognized for its minimal yet sophisticated product design, beautiful silhouette and perfect fit. Star Avenue Capital acquired a controlling interest in the company in 2010, and J Brand has built a solid operational platform to become one of the leading brands in the category, with its products sold in over 2,000 specialty boutiques and luxury retailers in more than 20 countries worldwide.
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
J Brand is a highly profitable company with its reported net sales of approximately $124 million (approximately 10 billion Japanese yen) for the fiscal year ended December 2011.
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
The purpose of the planned acquisition of J Brand is to extend the FAST RETAILING Group’s brand portfolio among the affordable luxury apparel category, and to leverage J Brand’s know-how in the area of premium denim and strengthen the group’s capability to develop denim products. At the same time, acquiring a Los Angeles-based apparel brand will enable FAST RETAILING to reinforce its presence further in the crucial U.S. market.
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
“Our planned acquisition will extend the FAST RETAILING Group’s brand portfolio among the affordable luxury apparel category and strengthen our group’s capability in the denim category,” said Tadashi Yanai, Chairman, President and Chief Executive Officer of FAST RETAILING. “In addition, the acquisition will create synergies between the companies, enhancing the positions of both FAST RETAILING and J Brand as fashion leaders.”
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
“J Brand’s proposed partnership with FAST RETAILING has the potential to generate great expansion opportunities in all major markets around the world,” commented J Brand Chief Executive Officer Jeff Rudes. “We are very proud of the platform we have built together with Star Avenue Capital and its partners, Irving Place Capital and CAA, over the last several years, and we look forward to our next phase of growth.”
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
FAST RETAILING CO, LTD. announces that it has entered into a definitive agreement to acquire majority control of J Brand Holdings LLC from Star Avenue#
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