- 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.
Fifth & Pacific sells Lucky
Dec 10 2013, 07:40 ET