Seeking Alpha

Fifth & Pacific sells Lucky

  • Fifth & Pacific (FNP) announces it struck an agreement to sell Lucky Brand Jeans to P-E firm Leonard Green for $225M.
  • The deal price reps a multiple of 7X trailing 12 months EBITDA for the brand.
  • The retailer divested its Juicy Couture business in October and a sale of Lucky Brand has been widely expected.
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