Lucky Brand Sold to LA-Based Private Equity Firm for $225 Million
Lucky Brand Jeans has been sold by Fifth & Pacific Companies to LA-based private-equity company Leonard Green Partners to the tune of $225 million.
Lucky Brand Jeans has been sold by Fifth & Pacific Companies to LA-based private-equity company Leonard Green Partners to the tune of $225 million.
The deal involves a $140 million cash payment and $85 million in a three-year seller note which carries $8 million a year interest plus another $417,000 a month interest for a maximum payment upon maturity of $100 million.
The apparel company has also recently sold the intellectual property rights for its Juicy Couture. It will now solely focus on its lone label, Kate Spade.
The deal for Lucky Brand is expected to close early in 2014.
Like Haute Living Los Angeles? Join our Facebook page or follow us on Twitter @HauteLivingMag.
Latest from Haute Living
Paris Fashion Week Spring/Summer 2027: The Hautest Looks From Chanel, Dior, Saint Laurent and More
Fashion Month Spring/Summer 2027: The Best Looks From New York, London, Milan and Paris
The Haute Guide to Worth Avenue
