True Religion explores a sale as maximalist, Y2K-era styles make a comeback
Publishing timestamp: 2024-02-15 12:17:45
Summary
True Religion, the jeans brand known for its stitching and horseshoe logo, is exploring a sale. The company has experienced growth and profitability recently, with sales jumping 20% to around $280 million last year. It is seeking potential buyers among consumer-focused private equity firms and large, publicly traded apparel companies. True Religion has transformed its business to cater to a new customer base and has high customer loyalty. The brand aims to double its revenue by focusing on digital sales, expanding its product assortment, and winning over female shoppers.
Sentiment: MIXED
Keywords: breaking news: business, gap inc, ralph lauren corp, los angeles, jessica simpson, business, retail industry, nike inc, levi strauss & co, britney spears, business news,
Source: https://www.cnbc.com/2024/02/15/jeans-brand-true-religion-exploring-sale.html