WHP Global Acquires 70% Stake in Isaac Mizrahi from Xcel Brands
May 31, 2022
WHP Global has acquired a controlling 70% interest in the Isaac Mizrahi fashion brand from Xcel Brands in a transaction valued at $68 million. Xcel Brands will receive $46.2 million in cash, retain a 30% minority stake, and continue to manage the QVC business under a services and licensing agreement while Isaac Mizrahi remains Chief Design Officer.
- Buyers
- WHP Global
- Targets
- Isaac Mizrahi
- Sellers
- Xcel Brands, Inc.
- Industry
- Consumer Products
- Location
- New York, United States
- Transaction Type
- Buyout
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