Oxford Industries Looking to Sell Ben Sherman

Back in 2014, Oxford Industries acquired British apparel brand Ben Sherman for $146 million USD.

Fashion
9,842 Hypes 0 Comments

Back in 2014, Oxford Industries acquired British apparel brand Ben Sherman for $146 million USD. Now, the company is looking to sell the brand again, after it posted strong fourth-quarter results following a long struggle to return it to profitability. While Ben Sherman has been struggling for a while, unable to achieve an operating profit in either the fourth quarter or all of last year, the company managed to cut its losses by a substantial amount and help the label return to sales growth. Last year, operating losses were reduced to $861,000 USD as opposed to $2.6 million USD the year before, while sales were up 26.6 percent. These positive results and upturn have convinced Oxford Industries that the label is now an attractive acquisition target. The sale would allow Oxford Industries to focus on its larger and more profitable brands, Tommy Bahama and Lilly Pulitzer.

Read Full Article

What to Read Next

GameStop CEO George Sherman Will Look To Make $179 Million USD in Severance
Entertainment 

GameStop CEO George Sherman Will Look To Make $179 Million USD in Severance

Getting fired never felt so good.

Ben Simmons Partners With Woolmark and HBX to Launch Limited Edition Tee
Fashion

Ben Simmons Partners With Woolmark and HBX to Launch Limited Edition Tee

100% of the proceeds will be donated to the Ben Simmons Family Foundation to advance its community efforts.

Fans Call on Warner Bros. Discovery to Bring Back Ben Affleck as Batman
Entertainment

Fans Call on Warner Bros. Discovery to Bring Back Ben Affleck as Batman

#MakeTheBatfleckMovie.


Latest 'The Flash' Set Photos Show New Look for Ben Affleck's Batman
Entertainment

Latest 'The Flash' Set Photos Show New Look for Ben Affleck's Batman

The Dark Knight has a new motorcycle.

JR "A Survey Exhibition" @ HOCA Foundation
Art

JR "A Survey Exhibition" @ HOCA Foundation

The Hong Kong Contemporary Art Foundation (HOCA) is holding an exhibition of JR, an elusive

Watch the Behind-the-Scenes to Kendrick Lamar's "King Kunta"
Music 

Watch the Behind-the-Scenes to Kendrick Lamar's "King Kunta"

Kendrick Lamar is certainly kicking it into high gear the last few weeks, first with his album

adidas Unveils Its 5-Year Growth Plan, Which Includes More Robots and Less Soccer
Fashion

adidas Unveils Its 5-Year Growth Plan, Which Includes More Robots and Less Soccer

After reporting that adidas CEO Herbert Hainer has another two years on his contract to

Lil Wayne Has Finally Joined Instagram
Music 

Lil Wayne Has Finally Joined Instagram

With various fake accounts already plaguing the social photo site, Lil Wayne has finally silenced

Action Bronson Throws Flat Screen TV Into the Audience
Music 

Action Bronson Throws Flat Screen TV Into the Audience

It’s been known that Action Bronson likes to throw wicked live shows but, until recently, it was


Kanye West and Dame Dash Take to Instagram to Confirm their Purchase of Karmaloop
Fashion

Kanye West and Dame Dash Take to Instagram to Confirm their Purchase of Karmaloop

News continues to swirl around the possible fold, bankruptcy and/or selling of Karmaloop, with the

Vans California Authentic CA "Islands" in Bone White
Footwear

Vans California Authentic CA "Islands" in Bone White

The newest iteration of the iconic Vans Authentic exudes a carefree and

Take a Look Inside the Warner Music UK Headquarters by Woods Bagot
Design

Take a Look Inside the Warner Music UK Headquarters by Woods Bagot

Warner Music is the world’s third largest recorded music business, and it definitely needs a

Choosic Is Like Tinder, But for Music
Music 

Choosic Is Like Tinder, But for Music

Whether you’ll admit to using Tinder or not, one of the arguably most addictive and lasting

There's a New Facebook Messenger App That Auto-Tune's Your Texts
Music 

There's a New Facebook Messenger App That Auto-Tune's Your Texts

Texting seems to have overtaken phone calls in today’s digital world so, it seems only natural that


More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.