Last Friday's Women's Wear Daily reported that private equity firm Berkshire Partners now holds a 66% majority ownership in premium denim company Citizens of Humanity (a TRLG competitor). Why is this significant? From Women's Wear Daily:
Boston-based Berkshire sees continued growth in the high-end denim business even as some on Wall Street forecast that it is topping out. "We view the premium denim segment as $1 billion out of the $12 billion denim market, with the upscale denim business growing very rapidly....There are currently a number of players in the premium denim space and there will likely be some consolidation going forward," said Larry Hamelsky, managing director of Berkshire Partners...
Comment: Is Andy So mistaken?
TRLG 1-Yr Price Performance: