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WHP Global completes acquisition of Dutch brand G-Star Raw
28 Dec 23 1 min read
Insights
- WHP Global has acquired Dutch designer clothing company G-Star Raw and will open a new European office in Amsterdam.
- The sellers will keep a minority stake, with current leadership, including CEO Rob Schilder, maintaining operations.
- This marks WHP's third acquisition in 2023, expanding its portfolio to over 10 brands with $7 billion in global retail sales.
The sellers will retain a minority stake in the brand and current G-Star Raw leadership, led by CEO Rob Schilder, will continue to operate the brand's core omni-channel operations out of the Amsterdam headquarters.
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With three acquisitions completed in 2023, WHP Global's portfolio now includes more than 10 powerful consumer brands generating over $7 billion in global retail sales, the brand management firm said in a press release.
Fibre2Fashion News Desk (KD)
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