Frederick’s of Hollywood has changed its ownership. Under the deal, the intimate apparel company has been sold to Wilshire Partners, a private investment firm based in Los Angeles. Details of the transaction are not available. “We are very excited to take over the ownership and management of Frederick’s of Hollywood. This legendary company is one of the world’s great brands and has tremendous potential,” stated Yan Haghor, a principal with Wilshire Partners. Wilshire Partners purchased the company from the sponsor of the 1997 buyout that took the company private. The change in ownership, which has been under negotiation for several months, means the company will be solely owned and operated by Wilshire Partners. The change becomes effective immediately. Frederick’s has been experiencing modest growth in recent years, and is in the midst of a strong brand revitalization. “This is an important time for the company; with the new owners we will continue our efforts to grow this great brand,” stated Linda LoRe, CEO of Frederick’s of Hollywood.
Subscribe to Just Style
Join over 70,000 apparel industry professionals by unlocking full access for just £1 (plus VAT if applicable)
Already a Member? Login here
Just Style membership gives you:
- Unlimited access to Just Style content including in-depth analysis, exclusive blogs, industry executive interviews and management briefings
- Unbeatable market coverage from apparel sourcing and supply chain issues, to emerging markets and manufacturing
- Unrivalled apparel industry comment from journalists including Leonie Barrie, Michelle Russell, Hannah Abdulla and Beth Wright.
Want multi-user access? Explore our multi-user & corporate memberships
70% of the apparel and textile companies in the Forbes Global 2000 use Just Style
