Home / Knowledge / News / Apparel/Garments / Fast Retailing inks agreement to acquire J Brand
Fast Retailing inks agreement to acquire J Brand
30
Nov '12
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. 
 
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. 
 
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.
 
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.
 
“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.”
 
“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.”
 
 

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search