New York-based WHP Global to acquire Vera Wang fashion brand

WHP Global has announced a landmark agreement to acquire the intellectual property of Vera Wang fashion brand. The transaction marks a significant milestone for WHP Global as it establishes a premium fashion vertical, adding Vera Wang to its portfolio alongside other renowned brands like Rag & Bone, Joe’s Jeans, and G-STAR.

WHP Global has announced acquisition of Vera Wang fashion brand’s IP, marking a major milestone as it builds a premium fashion vertical alongside brands like Rag & Bone and G-STAR.
Vera Wang will remain founder and chief creative officer and join as a shareholder.
The deal, expected to close by January 2025, strengthens WHP Global’s $7 billion portfolio in fashion and luxury.

The transaction, which remains subject to customary closing conditions, is expected to finalise in January 2025.

As part of the acquisition, Vera Wang will continue in her role as founder and chief creative officer, ensuring her signature influence remains central to the brand’s creative direction. Wang will also join WHP Global as a shareholder, a move that positions her to actively contribute to the brand’s continued growth and innovation.

The acquisition is poised to elevate WHP Global’s portfolio, which collectively drives over $7 billion in annual retail sales across fashion, sports, and hardgoods. This deal will also solidify Vera Wang’s position as a luxury powerhouse and highlight WHP Global’s dedication to expanding its footprint in the premium fashion sector, the two entities said in a joint press release.

“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. 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 WANG,” said Vera Wang.

“Vera Wang is a legend. 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,” Yehuda Shmidman, chairman and CEO of WHP Global, added.

Financial terms have not been disclosed. Solomon Partners, LP served as the financial advisor to Vera Wang.

Fibre2Fashion News Desk (HU)