About Laura Ashley
Laura Ashley is a lifestyle brand. Its collection includes home furnishings, children's room decor, and women's, girls, and men's fashion. Laura Ashley was founded in 1953 and is based in Fort Mill, South Carolina.
Latest Laura Ashley News
Feb 16, 2024
Business Laura Ashley menswear collaboration with Rag & Bone Credits: Laura Ashley/Rag & Bone American label Guess and brand management firm WHP Global have come together on a definitive agreement to acquire New York fashion brand Rag & Bone. As part of the agreement, Guess, which will contribute 56.5 million dollars, will acquire the Rag & Bone operating assets, while both Guess and WHP will jointly and equally own the brand’s intellectual property. There is a further potential for an incremental earnout consideration of which Guess will be responsible for a maximum of 12.8 million dollars, based on sales levels and EBITDA performance over FY24. Rag & Bone will continue on in its New York base, with its team to operate as an independent fashion brand. In a release, Carlos Alberinin, the CEO of Guess, for which this will be the first acquisition, said: “We are excited to add an iconic brand such as Rag & Bone to Guess, further diversifying our portfolio with complementary customer bases and price points. We look forward to partnering with WHP Global to build on Rag & Bone’s heritage. “Guess has an incredible platform with a strong global distribution network and outstanding licensee partners that will enable us to power the growth and expansion of the Rag & Bone business. We expect the transaction to deliver earnings per share accretion in the first year and strong value creation for our shareholders for years to come.” Rag & Bone becomes first Guess acquisition For Guess, the move comes as part of its long-term growth strategy, through which it looks to power a bigger business and generate stronger shareholder value, while providing Rag & Bone with the infrastructure to accelerate its own growth. Rag & Bone currently operates 34 stores in the US and two in the UK, while additionally being available in a number of boutiques, department stores and global e-commerce platforms. Speaking on the acquisition, Andrew Rosen, chairman of the Rag & Bone board, said: “I am thrilled about this new relationship with Guess and WHP Global. Today marks the beginning of an exciting new chapter as Rag & Bone joins forces with a much larger international fashion company. “It’s a great opportunity for our team to take the brand to the next level, blending our unique styles and respective expertise to create new possibilities for Rag & Bone on a global scale.”
Laura Ashley Frequently Asked Questions (FAQ)
When was Laura Ashley founded?
Laura Ashley was founded in 1953.
Where is Laura Ashley's headquarters?
Laura Ashley's headquarters is located at 7000 Regent Parkway, Fort Mill.
Who are Laura Ashley's competitors?
Competitors of Laura Ashley include Draper James and 4 more.
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