EXCLUSIVE: Paul Stuart's U.S. Business Being Sold to Middle West Partners, Peerless Clothing [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
mitsui.com/us
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Source: Yahoo! Finance
Boston-based private equity firm, in partnership with Peerless Clothing, WWD has learned. The deal will be for the U.S. business, which has been owned since 2012 by Tokyo-based Mitsui & Co. Ltd. The larger Japanese business will continue to be operated by Sanyo, which purchased the rights from Mitsui in 2021. More from WWD Messi Fragrance Makes Its Move on Mass Market, Launching at Walmart Analysts Trim RH's Target Price After Firm Cuts 2025 Guidance Plaza 66 Defends Leading Position in Shanghai, Takes Over Nearby Former Isetan Location Terms of the sale to Middle West were not disclosed. As a result of the sale, chief executive officer Trevor Shimpfky and creative director Ralph Auriemma will be leaving the company. Shimpfky declined to comment on the sale or his plans. In an exclusive interview, Kevin Kelleher, cofounder of Middle West, confirmed that his firm was acquiring the retailer, which operates a flagship on Madison Avenue in New York as well as branch stores i
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