addition to closing the deal on Thursday, the group has
signed a lease for the first freestanding Splendid store on Robertson
Boulevard in Los Angeles.
Splendid and Ella
Moss are primarily sold in high-end specialty stores and better
department stores such as Bloomingdale’s,
Barneys New York, Neiman
Marcus, Shopbop, Nordstrom and Saks Fifth Avenue. Combined revenues
of the two brands were $95 million in 2008.
Other companies in
VF’s contemporary portfolio include the Seven For All Mankind
and Lucy brands, which were both acquired in July 2007 for an estimated
$885 million, and John Varvatos men’s sportswear.
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40