US: J Brand coy on possible sale or IPO
Los Angeles-based apparel retailer J Brand has remained coy on speculation it is exploring strategic options including the potential sale or flotation of the company and has hired independent financial advisor Morgan Stanley.
The luxury denim specialist has sent out pitch books over the last two to three weeks, according to Reuters. Reported potential buyers include sourcing giant Li & Fung Ltd, apparel and footwear company The Jones Group, as well as sportswear group VF Corp, the report added.
First round bids are reportedly expected soon.
J Brand and Morgan Stanley declined to comment when contacted by just-style today (3 July).
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A group of US lawmakers is calling on President Barack Obama to take action in the wake of the recent fire in Bangladesh to ensure that clothing imported into the US - particularly products for the mi...
The garment factory in Bangladesh where a fire at the weekend killed at least 111 people and injured another 100 had been making clothing for Wal-Mart without its knowledge, the world's largest retail...
Bangladesh is to hold a national day of mourning tomorrow (27 November) after at least 111 people were killed and another 100 injured in a garment factory fire on Saturday....
Global sourcing giant Li & Fung has remained coy on speculation it is in talks to acquire South Korean children's apparel manufacturer Suhyang Networks....
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