US: PPR sells plus size business to private equity firms
French apparel group PPR has entered into an agreement to sell its US plus size business OneStopPlusGroup to private equity firms Charlesbank Capital and Webster Capital as it works to focus on its luxury and sportswear businesses.
The Gucci, Yves Saint Laurent and Puma owner said it will sell the business for US$525m. The deal includes the OneStopPlus.com, Woman Within, Roaman's, Jessica London, fullbeauty, KingSize, BrylaneHome and Bargain Catalog Outlet brands.
"The sale of OneStopPlus Group will mark a further step forward in the transformation of PPR into a global leader in apparel and accessories within the Luxury and Sport & Lifestyle sectors," a statement said.
"Together with the sale of the Sports and Leisure Group to Northern Tool + Equipment, which was announced last month, the sale of OneStopPlus Group will constitute the sale of PPR's entire Redcats USA business."
The deal is expected to close during the first quarter of 2013.
Gucci has lost the latest bout in a trademark battle against Guess in Italy. ...
This report provides an update of business news in the following categories: acquisitions, divestments and mergers; company strategies; corporate social responsibility (CSR); financial results; intern...
Ralph Lauren has confirmed the appointment of former Gucci executive Laura Lendrum to the position of president of the group's US stores division....
Women's wear retailer Cache has appointed Arnold Cohen to the post of executive vice president and chief marketing officer....
French luxury and sportswear group Kering (formerly known as PPR) saw first-quarter revenue edge up 1%, driven by growth in its luxury division....
Skatewear brand Volcom is set to increase its focus on sustainability, becoming the latest Kering-owned brand to undergo an Environmental Profit and Loss. ...
The online and luxury segments are set to provide a silver lining in what is an otherwise gloomy outlook for Australia's fashion industry, according to research released by IbisWorld. ...
French luxury group Kering has closed the sale of its Vertbaudet and Cyrillus children and family clothing brands to the Alpha Private Equity Fund 6 for EUR119m (US$153.9m)....
- Improved supplier capabilities benefit Next
- China and Vietnam lead US apparel imports in July
- THE FLANARANT: Understand win-win or lose out
- Next H1: What the analysts say
- Abercrombie & Fitch to lose logos in fashion focus
- Hanesbrands axes Costa Rican jobs in Vietnam move
- Brandix selects first "game-changing" innovations
- Apparel fuels global manufacturing downturn
- Bagir to invest in Ethiopia as H1 loss deepens
- VF taps Nike exec to lead innovation centres
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Global market review of denim and jeanswear – forecasts to 2020
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global Database of the Top 1000 Cut and Sew Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details