Year: 2002

Industry: Apparel, Footwear & Accessories

Service: Sell-Side M&A

Geography: North America

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.

  • 2002

This transaction was completed prior to Raymond James’ acquisition of Financo.