WHP Global
WHP Global is a privately-held New York based brand management firm that acquires global consumer brands and develops them by investing in high-growth distribution channels including digital commerce and international expansion.[1] WHP Global has over $1 billion in capacity, and it is backed by Oaktree Capital Management, L.P and BlackRock.
WHP Global launched in 2019 with the acquisition of fashion brand Anne Klein, and then WHP Global acquired Joseph Abboud in early 2020. WHP Global generates more than $1.4 billion in retail sales across its portfolio of brands. [2]
History
The company was founded in 2019 by Chairman & CEO Yehuda Shmidman with a $200 million equity commitment from funds managed by Oaktree Capital Management, L.P and a debt facility from BlackRock.[1]
Prior to WHP, Yehuda Shmidman raised and invested nearly $2 billion of institutional capital in fashion, home, entertainment and consumer brands while holding c-suite roles in the brand management industry. He currently also serves as Vice Chairman for the parent company of Toys "R" Us.[3]
On July 17, 2019, WHP Global announced the purchase of the global fashion brand, Anne Klein, which it bought from Premier Brands Group for an undisclosed sum. Anne Klein products are carried by partners including Steve Madden for footwear and handbags; Kasper Group for sportswear; E. Gluck Corporation for watches; Herman Kay for outerwear; One Jeanswear Group for denim; Komar for loungewear; Sunham Home Fashions for home goods; and Marchon for eyewear.[4]
On March 5, 2020 WHP Global announced the purchase of men’s fashion brand, Joseph Abboud, from Tailored Brands for $115 million.[5] On the same day, WHP Global also announced an additional $150 million equity commitment from funds managed by Oaktree Capital Management, L.P, following Oaktree's initial $200 million commitment, for a total of $350 million.[6]
Brands
The year of acquisition is listed in parentheses
Fashion
- Anne Klein (2019)
- Joseph Abboud (2020)
External Links
References
This article "WHP Global" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:WHP Global. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- ↑ 1.0 1.1 "WHP Global Launches as New Brand Management Platform with $200 Million Equity Fund Commitment from Oaktree". Business Wire. Retrieved 17 July 2019.
- ↑ Fraser, Kristopher. "Joseph Abboud brand sold to WHP". Fashion United. Retrieved 17 January 2020.
- ↑ Howland, Daphne. "Anne Klein sold to PE-backed firm". Retail Dive. Retail Dive. Retrieved 17 July 2019.
- ↑ Lacombe, Gabriella. "WHP Global to launch Anne Klein Intimates with Vandale". Fashion Network. Retrieved 10 September 2020.
- ↑ Wilson, Marianne. "Done Deal: Tailored Brands sells Joseph Abboud brand". Chain Store Age. Retrieved 5 March 2020.
- ↑ Reagan, Courtney. "This company is looking for more fashion brands to buy, and now it has the money to do it". CNBC. Retrieved 5 March 2020.
