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

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, Guess?, Inc. and WHP Global completed the acquisition of rag & bone. ^[7]

References

1. Brands WHP Global
2. Team Official site
3. MacMedan, Julie (March 5, 2020)."Tailored Brands Closes the Sale of the Joseph Abboud Trademarks to WHP Global for $115 Million" .Business Wire
4. Thomas, Lauren (2021-08-19). "Toys R Us is coming to more than 400 Macy's stores next year". CNBC. Archived from the original on November 9, 2021. Retrieved 2021-08-20.
5. Fonrouge, Gabrielle (13 April 2023). "Walmart sells Bonobos to WHP Global and Express in $75 million deal". CNBC. Retrieved 2023-04-14.
6. Delesline, Nate III (May 24, 2023). "Express closes on Bonobos acquisition as sales fall 15%". Retail Dive. Retrieved September 17, 2023.
7. "Guess?, Inc. and WHP Global Complete the Acquisition of rag & bone: Guess?, Inc. Announces $50 Million Expansion of its Existing Asset-Based Revolving Credit Facility". Business Wire (Press release). Retrieved April 5, 2024.

See also

• LVMH
• Kering
• Catalyst Brands
• Individualized Apparel Group