Financial Advisor on Sale of Gloria Vanderbilt to Jones Apparel
Gloria Vanderbilt Apparel, a designer, manufacturer and retailer of apparel and accessories, engaged Financo to identify a partnership that would provide an attractive return for the shareholders and find a strategic home for the business.
Utilizing our numerous relationships in the apparel sector, Financo initiated a competitive process with multiple parties, ultimately consummating a transaction with Jones Apparel Group. In negotiating a deal that included cash and stock, the company’s owners realized liquidity and retained upside opportunity in the strategic partnership.