Aéropostale’s Post

JCPenney, Brooks Brothers operator join forces as ‘Catalyst Brands LLC’ The new entity features other labels owned by Authentic Brands Group and run by SPARC Group LLC. Investors include SHEIN and mall REITs Simon Property Group and Brookfield Properties. https://xmrrwallet.com/cmx.plnkd.in/egPk_ypf

JCPenney has merged with SPARC Group to bring together some high profile brands including: Aeropostale, Brooks Brothers, Eddie Bauer, LuckyBrand, Nautica, along with private JCPenney brands of Stafford, Arizona and Liz Claiborne all under a new organization based in Plano, TX named Catalyst Brands. https://xmrrwallet.com/cmx.plnkd.in/gnKhw3uq

Big news below: Why? Shein now co-owns Forever21, as Authentic Brands Group and Simon Property sold part o of the brand to them a few months ago. Several potential developments could arise from this merger: - Could Forever21 products (produced by Shein) be sold at JCPenney stores and featured on their website? - Is there a possibility for Forever21 to open a shop-in-shop or concessions area at JCPenney? - Will JCPenney's entire catalogue of brands be available on Shein app? How will the brand owners react to this? - Will JCPenny's majority of its product offerings become distribution labels "White Labels" from Asia? - Will Authentic Brands Group sell the remaining shares of Forever21 to Shein? It will be interesting to see how this situation evolves!

Exciting news in the corporate landscape! Dickies, the iconic clothing company known for its durable workwear, is making a significant move by relocating its headquarters from Texas to California. This transition marks a pivotal moment for the brand as it aims to enhance its presence in the dynamic California market. For more insights into what this move means for Dickies and the wider industry, read the full blog post here: https://xmrrwallet.com/cmx.pift.tt/Yn38BiH.

NEWS: Sparc Group, the operator of fashion brands including Lucky, Eddie Bauer, Aeropostale, Forever 21, and Brooks Brothers, has merged with JCPenney to form a new company called Catalyst Brands.⁠ ⁠ The joint venture was formed in an all-equity transaction between JCPenney and SPARC Group and its shareholders Simon Property Group, Brookfield Corp., Authentic Brands Group, and SheIn Group Ltd. Catalyst will be headed by former JCPenney Chief Executive Officer Marc Rosen.⁠ ⁠ Combined, Catalyst has about $9 billion of revenue, 1,800 store locations, 60,000 employees and $1 billion of liquidity, per Bloomberg News.

The era of consolidation continues!

Before I share a new partnership update, have you ever wondered how at Frasers Group we continue to grow and elevate the business? 👇 1. Goals 🎯 In a fast-paced and ever-evolving industry, staying focused on our objectives is essential. We are committed to our Elevation Strategy, with a clear focus on what we aim to achieve. We have absolute clarity on key objectives and KPIs that ladder up to our overall goal. We're making significant headway in our international expansion, and below is an example of our commitment to just that. 2. Collaboration 🤝 There's an unknown quote "Team divides the task and multiplies the success". We continue to work with industry leaders and our criteria for collaboration is that they match our commitment and growth ambitions, whilst unlocking new opportunities within their field of expertise. Today I'm pleased to announce our new collaboration with Hudson Holdings Ltd leveraging our mutual strengths in this partnership to align with our growth ambitions and further strengthen Frasers’ international footprint. 🌎 🚀🚀

Silicon Slope Lateral Partner Moves. Feel free to reach out for a confidential discussion of current lateral opportunities - partner , group or merger options .

Pretty big retail news: Sparc Group, an operating entity that is a joint venture of brand firm Authentic Brands Group, fast-fashion e-retailer Shein and Simon Property Group, has formed a joint venture, Catalyst Brands, with J.C. Penney. This entailed an all-equity transaction between them, with shareholders Simon, Brookfield Corporation, Authentic and Shein. https://xmrrwallet.com/cmx.plnkd.in/e7-eDhs6

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