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New Deal


Announced

Express and WHP Global to form a joint venture in a $400m deal.

Financials

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Transaction Value£328m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Apparel Retailers

Private

Domestic

Pending

United States

intellectual property

Acquisition

Joint Venture

Majority

Friendly

Synopsis

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Express, a fashion apparel retailer, and WHP Global, a global brand management firm, agreed to form a joint venture in a $400m deal. "The global growth potential of the Express brand and the EXPR omnichannel platform will give our company a distinct competitive edge as we look to acquire more consumer brands. We are excited to partner with Tim and his management team and view this partnership as a huge win for both of our companies," Yehuda Shmidman, WHP Global Chairman and CEO.

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