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 | edit source]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, WHP Global completed the acquisition of rag & bone.[7] The same month WHP Global also sought to acquire Guess?, Inc. but the offer was declined.[8]
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References
[edit | edit source]- ^ 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
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