Phoenix Retail LLC
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Phoenix Retail LLC - overview
Established
2024
Location
-, -, US
Primary Industry
Retail
About
Founded in 2024 and based in the US, Phoenix Retail LLC was formed by WHP Global, Centennial, and Brookfield Asset Management to acquire Express Inc. 's retail company and operate Express & Bonobos direct-to-consumer businesses in the United States. In June 2024, WHP Global, a portfolio company of Ares Management and Oaktree Capital Management, Centennia, and Brookfield Asset Management, formed Phoenix Retail LLC in a joint venture. Phoenix Retail LLC manages the product lines of Express and Bonobos, a wide range of fashionable apparel and accessories for both men and women, while Bonobos specialises in men's clothing, particularly noted for its well-fitted pants and casual wear.
This ensures the continuation of over 450 physical stores and robust e-commerce operations, safeguarding approximately 7,000 jobs nationwide.
Current Investors
Centennial, Brookfield Asset Management, WHP Global, LLC
Primary Industry
Retail
Sub Industries
Retail
Total Amount Raised
Subscriber access only
Phoenix Retail LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joint Venture | Completed | Phoenix Retail LLC | - | ||||||||
| Add-on | Completed | Express Inc.'s Retail Company and Express & Bonobos direct-to-consumer businesses | - |
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