EXPR - WHP GLOBAL ANNOUNCES THE CLOSING OF BONOBOS BRAND ACQUISITION IN PARTNERSHIP WITH EXPR

PR Newswire

NEW YORK , May 24, 2023 /PRNewswire/ -- WHP Global , a leading global brand management firm, announced today that it has closed the joint acquisition of the Bonobos ^® brand with strategic partner Express, Inc. (NYSE: EXPR).

In conjunction with this transaction, WHP Global and EXPR have entered into an exclusive long-term license agreement granting EXPR the right to use the intellectual property acquired by WHP Global for the operation of the Bonobos business in the United States .

"The acquisition of Bonobos marks an important milestone in our partnership with EXPR and adds an innovative DTC men's fashion brand to the WHP Global portfolio," said Yehuda Shmidman , Chairman and CEO of WHP Global.

WHP Global's brand portfolio now includes more than 10 powerful brands that are approaching $7 billion in global retail sales across three verticals including fashion, athletic, and hard goods.

For additional background on the Bonobos acquisition, please read the announcement press release here .

ABOUT WHP GLOBAL
WHP Global is a leading New York based firm that acquires global consumer brands and invests in high-growth distribution channels including digital commerce platforms and global expansion. WHP owns ANNE KLEIN ^® , JOSEPH ABBOUD ^® , JOE'S JEANS ^® , BONOBOS ^® , ISAAC MIZRAHI ^® , LOTTO ^® , TOYS"R"US ^® , BABIES"R"US ^® , and a 60% interest in the EXPRESS ^® brand. Collectively the brands are approaching $7 billion in global retail sales. The company also owns WHP+, a turnkey direct to consumer digital e-commerce platform and WHP SOLUTIONS, a sourcing agency based in Asia . For more information, please visit www.whp-global.com .

SOURCE WHP Global