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Investment firm Gordon Brothers to acquire Wet Seal
09 Mar '17
1 min read
Pending final court approval, Gordon Brothers, a global advisory, restructuring, and investment firm is acquiring the Wet Seal brand. The acquisition also includes other brands within the Wet Seal portfolio like Arden B, Blink, Chic Boutique and several others. In 2014, Wet Seal reported revenue of $500 million, generated from 478 retail outlets.
"Our plan for Wet Seal is to rebuild and reposition the brand and develop a unique new business model to best position it for future success," Ramez Toubassy, president – brands at Gordon Brothers said.
The Gordon Brothers' brands business acquires, restructures and revives some of the world's most recognisable brands. Past investments include Polaroid, Bombay & Co. and Sharper Image. (AR)
"Our plan for Wet Seal is to rebuild and reposition the brand and develop a unique new business model to best position it for future success," Ramez Toubassy, president – brands at Gordon Brothers said.
The Gordon Brothers' brands business acquires, restructures and revives some of the world's most recognisable brands. Past investments include Polaroid, Bombay & Co. and Sharper Image. (AR)
Fibre2Fashion News Desk – India
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