83 029
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Norwalk
Permanent · NORWALK
BELK
Store Fulfillment Associate - Full Time
Permanent · FRANKLIN
BELK
Asset Protection Lead - Full Time
Permanent · AUBURN
BELK
Store Fulfillment Associate - Full Time
Permanent · SAVANNAH
BELK
Store Fulfillment Associate - Part Time - Independence Mall
Permanent · WILMINGTON
BELK
Asset Protection Associate - Full Time
Permanent · ROCKY MOUNT
BELK
Store Fulfillment Associate - Part Time - Coastal Grand
Permanent · MYRTLE BEACH
BELK
Store Fulfillment Associate - Full Time - Bridgestreet
Permanent · HUNTSVILLE
BELK
Store Fulfillment Associate - Full Time
Permanent · TUPELO
BELK
Store Fulfillment Associate - Part Time
Permanent · SAVANNAH
BELK
Asset Protection Manager - Triangle
Permanent · RALEIGH
ALO YOGA
Construction Project Manager
Permanent · LOS ANGELES
SUN VALLEY
Sun Valley Marketing Manager
Permanent · SUN VALLEY
LULULEMON
Community Specialist | (Contract) Market Street The Woodlands
Permanent · THE WOODLANDS
LULULEMON
Community Specialist | Orlando Premium Outlet
Permanent · ORLANDO
LULULEMON
Full-Time Community Specialist | Cumberland Mall
Permanent · ATLANTA
FOSSIL
Dam/Dynamic Media Administrator
Permanent ·
KOHLS
Operations Supervisor - Weekend Days
Permanent · PLAINFIELD
KOHLS
Technical Project Manager
Permanent · MENOMONEE FALLS
KOHLS
Loss Prevention Associate
Permanent · FINDLAY
NAVY EXCHANGE
Vending Route Driver (Operations Worker) FT w/Benefits
Permanent · BREMERTON
NAVY EXCHANGE
Asset Protection/Safety Investigator (Detective) FT w/Benefits
Permanent · BREMERTON
Published
Jul 27, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Naked Brand gives promising update on Frederick's of Hollywood

Published
Jul 27, 2018

Fashion and lifestyle brand Naked Brand Group Inc. reported a promising business update on Thursday for its acquisition target, Frederick's of Hollywood (FOH).

Frederick's of Hollywood - Facebook: Frederick's of Hollywood


The intimates brand direct-to-consumer e-commerce sales hit $20.2 million for the last twelve months ended June 30, 2018, up 26 percent compared to the same period last year. 
 
The sales jump was attributed to an upgrade in the company’s mobile platform.

“We are pleased to see that FOH Online Corp.’s sales have grown at such a rapid rate in response to key improvements made over the last year,” said Justin Davis-Rice, CEO of Naked Brand Group Limited, in a news statement. 
 
“This is a clear indication that FOH’s strategic pivot to their mobile platform with multiple enhancements is not only driving improved customer retention, but also new sales.
 
Davis-Rice added that Naked Brand is currently in the final stages of negotiating the acquisition. The transaction is expected to close in the third quarter of 2018. 
 
FOH was founded in 1946 and is known for launching the push-up bra, the padded bra, and black lingerie to the U.S.
 
Naked brand is currently seeking to acquire all of the outstanding common stock of FOH in exchange for both shares of the company and the forgiveness of debt owed to the company’s wholly-owned subsidiary, Bendon Limited.
 
Through the acquisition the company would gain control of FOH’s existing license. 
 
Though the company has conducted advanced negotiations with FOH, it has not yet entered into a definitive agreement for the acquisition. 

Copyright © 2024 FashionNetwork.com All rights reserved.