WHP Global
WHP Global is an American brand management firm active in the retail industry. Its brands include: Toys "R" Us, Babies "R" Us, Lotto, Vera Wang, rag & bone, G-Star, Express, Bonobos, Anne Klein, Joseph Abboud, Isaac Mizrahi, and Warners,[1] earning over $7 billion in annual retail sales. Yehuda Shmidman is the founder, and CEO.[2]
History
[edit]In March 2020, WHP Global acquired the trademarks to the Joseph Abboud brand from Tailored Brands. In turn, Tailored Brands entered into a licensing agreement with WHP Global for the continuing rights to sell and rent Joseph Abboud apparel and selected accessories in the U.S. and Canada.[3]
In August 2021, WHP Global announced that Toys "R" Us is opening 400+ stores within Macy's starting in 2022.[4]
In April 2023, Express and WHP Global agreed to acquire Bonobos from Walmart for $75 million.[5] The deal was completed on May 25, 2023.[6]
In April 2024, Guess?, Inc. and WHP Global completed the acquisition of rag & bone.[7]
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References
[edit]- ^ Brands WHP Global
- ^ Team Official site
- ^ MacMedan, Julie (March 5, 2020)."Tailored Brands Closes the Sale of the Joseph Abboud Trademarks to WHP Global for $115 Million".Business Wire
- ^ Thomas, Lauren (2021-08-19). "Toys R Us is coming to more than 400 Macy's stores next year". CNBC. Archived from the original on November 9, 2021. Retrieved 2021-08-20.
- ^ Fonrouge, Gabrielle (13 April 2023). "Walmart sells Bonobos to WHP Global and Express in $75 million deal". CNBC. Retrieved 2023-04-14.
- ^ Delesline, Nate III (May 24, 2023). "Express closes on Bonobos acquisition as sales fall 15%". Retail Dive. Retrieved September 17, 2023.
- ^ "Guess?, Inc. and WHP Global Complete the Acquisition of rag & bone: Guess?, Inc. Announces $50 Million Expansion of its Existing Asset-Based Revolving Credit Facility". Business Wire (Press release). Retrieved April 5, 2024.