WHP Global to Acquire the Vera Wang Brand

WHP Global has announced that it will acquire the IP of the Vera Wang fashion brand. As part of the transaction, Vera Wang will continue in her role as founder and chief creative officer and will join WHP Global as a shareholder.  

“I am so excited to announce this new partnership with WHP Global as we embark on an incredible new chapter for the Vera Wang brand, which I began over 30 years ago,” says Wang. “WHP Global's forward-thinking approach perfectly aligns with my vision for the future. Together, we will push boundaries, exploring bold opportunities to expand into new categories and markets, all while staying true to the legacy of timeless sophistication and the distinctive style that defines Vera Want.” 

“Vera Wang is a legend,” says Yehuda Shmidman, chairman and chief executive officer, WHP Global. “Her name is synonymous with modernity, artistry and impeccable style. We are honored to partner with Vera Wang and look forward to building on the brand's remarkable legacy with new business opportunities around the world.” 

The acquisition represents a pivotal moment for WHP Global, as it anchors a new premium fashion vertical together with rag & bone, Joe's Jeans and G-STAR. WHP Global's total portfolio generates over $7 Billion in global retail sales annually across fashion, sports and hardgoods. 

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Founded in 1990, Vera Want is known in fashion industry as a defining authority in bridal. Wang began her fashion career as an editor at American VOGUE and, after two decades, went on to become a design director at Ralph Lauren. Today, her brand generates over $700 million in annual retail sales across categories including women's apparel, bridal, men's tuxedos and suiting, fine jewelry, fragrance and home, among others.  

The transaction is subject to customary closing conditions and is expected to close in January 2025. Financial terms of the transaction were not disclosed.