WHP Global plans to take a position $260 million into Express in a two-part deal that can allow the retailer to scale internationally and in recent categories by the use of licensing deals, while forming a joint platform to accumulate more brands in the longer term. The deal is predicted to shut within the fourth quarter.
“When we expect of the Express brand, we love the brand,” Yehuda Shmidman, WHP global chairman and chief executive officer, told WWD in an exclusive interview. “We see [the partnership] as an enormous opportunity. We see big opportunities to bring Express outside the U.S. and into the brand new categories. And once we’re within the marketplace taking a look at opportunities, our goal is to...
Continue reading
0 Comments
