The Vera Wang brand has been independently owned since its founding in 1990, with designer Vera Wang as the sole owner and reporting annual sales of more than $700 million.
The WHP Global management team acquired the IP of this brand and announced it to the media. Accordingly, as part of the agreement, designer Vera Wang continues to be the founder and creative director of the brand, and joins WHP as a shareholder. The group also owns fashion brands including Rag & Bone, G-Star, Isaac Mizrahi, Anne Klein, Bonobos and Joe’s Jeans, children’s retailer Toys R Us and, as of June, the mall brand Express shopping. The remaining terms of the Vera Wang deal have not been disclosed.
A wedding dress design by designer Vera Wang
Vera Wang, full name Vera Ellen Wang, is a famous wedding dress designer since the early 1990s
What started as a single wedding dress salon within The Carlyle hotel has grown into a complete lifestyle brand. Her designs are always the dream of millions of brides around the world. Not only famous for her fashion talent, recently Vera Wang also made everyone admire her youthful appearance and fit, toned body at the age of 71. Designer Wang introduced ready-to-wear clothes in 2000. , which also launched homewares, jewelry, perfume and shoe categories; and collaborates with Kohl’s and David’s Bridal on popular product lines. Her wedding dress designs are the dream of brides and a brand loved by celebrities. She has designed wedding dresses for many star clients, including Ariana Grande, Beyoncé, Jennifer Lopez, Mariah Carey, Uma Thurman and Vanessa Hudgens.
Bride Son Ye Jin on her big day also chose a wedding dress by designer Vera Wang
Share above Voguethe designer said: “It’s interesting, this is the right combination for me and at the right time. WHP is in full growth mode and there is a tremendous amount of energy in what they are doing as well as their ambition, passion and dedication. I really feel very lucky that they believe so much in me and my brand.”
“Vera Wang is a legend,” said Yehuda Shmidman, Chairman and CEO of WHP Global. Her name is synonymous with modernity, artistry and impeccable style. We are honored to partner with Vera Wang and look forward to building on the brand’s remarkable legacy with new business opportunities around the world.”
