WHP Global announced on Monday an agreement to acquire the intellectual property of the Vera Wang fashion brand.
As part of the agreement, Vera Wang will continue her role as founder & chief creative officer and will also join WHP Global as a shareholder. In this capacity, Wang will continue to lead the brand's creative direction while driving its future growth.
The transaction, subject to customary closing conditions, is expected to finalize in January 2025. Financial terms of the agreement were not disclosed.
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