BILLY REID ACQUIRES KNOT STANDARD'S DTC BUSINESS, EXPANDING MADE TO MEASURE [Yahoo! Finance]
Nordstrom, Inc. (JWN)
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Source: Yahoo! Finance
FLORENCE, Ala. April 11, 2024 /PRNewswire/ -- Billy Reid Inc., an American fashion house, announced today its acquisition of the direct-to-consumer arm of premium made-to-measure company, Knot Standard LLC. The transaction will enable Billy Reid to take over eight Knot Standard retail store locations, and make made-to-measure available alongside Billy Reid ready-to-wear across a total of 20 locations. Subsequently, Knot Standard will become a minority shareholder in the combined business under the Billy Reid name. "Our shared passion of well-designed product, customer service and strong company culture is at the cornerstone of what makes this a truly exciting opportunity. I am excited to deepen our product offering, allowing us to service our customers through increased made-to-measure capacities and increasing our overall brand awareness." – Billy Reid, Founder of Billy Reid. Billy Reid, which previously had a successful made-to-measure business before discontinuing it during CO
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JWN
Earnings
- 3/5/24 - Beat
JWN
Sec Filings
- 4/25/24 - Form SC
- 4/18/24 - Form 8-K
- 4/18/24 - Form SC
- JWN's page on the SEC website