We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 29, 20203:15pm

Zac Posen seizes new opportunity: Centric Brands acquires the brand

Centric brands have reportedly acquired the American fashion designer trademark, Zac Posen. The latter is currently sorting out the details regarding his contribution to the new business agreement.

Dec 19, 2019 — 5:32pm
Mds
Save

zac posen designer

 

 

Zac Posen seizes new opportunity and is currently sorting out the details regarding his contribution to the new business agreement, which encompasses the Zac Posen brand and all intellectual property, a market source said, according to WWD. Andrew Jasmin, managing director of Jassin Consulting, believes Centric Brands, the brand management group, would be able to offer both a strategic and financial relationship for the Zac Posen trademark.

 

Posen, revealed he was shuttering his business in late October subsequently to failing in finding a new buyer or new investors.  The designer commented to WWD last October that the board of Zac Posen had made the difficult decision to close the business, to what he expressed as “surprising and immediate.” There had been an ongoing sale process, however, the time had ran out.

 

 

 

 

Centric Brands was born via a merger of Differential Brands Group, which acquired a significant portion of the North American Licensing business from Global Brands Group Holdings. The joint business was then retitled Centric Brands, headed by Chief exec officer Jason Rabin. Today the Centric Brands group operates in distinct manufactures and markets brands, women’s, men’s, kid’s apparel, accessories, beauty, and entertainment. 

 

Centric has already acquired the license for Posen’s cold weather accessories and handbags. The brand management company is listed on the Nexchange, selling products predominantly in North America via specialty and department stores, mass-market retailers, and online. 

 

Centric Brands has been growing exponentially in regard to its sales revenues as it witnessed a net sales growth in its first 9 months with an income of $1.66 million in 2019 in comparison to last year’s revenue of $114,614, as stated on its financial report.

 


Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...