Anne Klein, Lotto parent buys majority stake in Isaac Mizrahi
Inside Retail
JUNE 5, 2022
Global brand management firm WHP Global has bought a 70 per cent stake in Isaac Mizrahi from Xcel Brands, in a deal valuing the American designer label at US$68 million. Xcel Brands, a media and consumer products company specialising in livestream shopping on TV and online, will retain a minority stake of 30 per cent in the transaction and take $46.2 million in cash proceeds.
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