Oxford Industries Acquires Johnny Was for $270M

September 19, 2022

Oxford Industries, Inc. (NYSE:OXM) has completed the acquisition of Johnny Was, a Los Angeles–based affordable luxury, modern bohemian apparel brand, for $270 million. The purchase expands Oxford's portfolio of lifestyle brands and is expected to contribute materially to fiscal 2022 sales and EPS; the transaction was financed primarily with cash on hand and approximately $100 million of revolver borrowings.

Buyers
Oxford Industries, Inc.
Targets
Johnny Was
Sellers
Endeavour Capital, Founders of Johnny Was
Location
California, United States
Transaction Type
Buyout

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