×
774
Fashion Jobs
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Thanjavur
Permanent · Thanjavur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Karjat
Permanent · Karjat
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Darjeeling
Permanent · Darjeeling
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ankleshwar
Permanent · Ankleshwar
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Pali
Permanent · Pali
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kurseong
Permanent · Kurseong
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kumbakonam
Permanent · Kumbakonam
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Dausa
Permanent · Dausa
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Siana
Permanent · Siyana
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Tirupur
Permanent · Tiruppur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kashipur
Permanent · Kashipur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Dibrugarh
Permanent · Dibrugarh
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Aurangabad
Permanent · Aurangabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Palitana
Permanent · Palitana
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Rajgir
Permanent · Rajgir
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Gandhidham
Permanent · Gandhidham
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Tirupati
Permanent · Tirupati
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Lonavala
Permanent · Lonavala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Durgapur
Permanent · Durgapur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Balasinor
Permanent · Balasinor
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Panhala
Permanent · Panhala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ranchi
Permanent · Ranchi
By
Reuters
Published
Jul 12, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hudson Jeans up for sale, may fetch $150 million

By
Reuters
Published
Jul 12, 2012

Private equity-owned Hudson Jeans, a high-end denim line endorsed by rock star Mick Jagger's daughter, is exploring options, including a sale, according to sources familiar with the matter.


Georgia May Jagger, the face of Hudson Jeans / Photo: Hudson Jeans


The Commerce, California-based brand, owned by private equity firms Webster Capital and Fireman Capital, could fetch around $150 million, one of the sources said.

It has hired Lazard Ltd to assist with the transaction, the sources said.

Fireman Capital said: "We are very confident in the company's prospects for continuing strong growth, and so we are exploring potentially bringing in new synergistic investors to help fuel its further expansion."

Hudson Jeans and Lazard could not be reached for comment. Webster Capital declined comment.

Hudson Jeans, which feature a triangle flap pocket and a Union Jack logo, is one of a handful of auctions of private equity-owned companies in the high-end denim segment. Women's apparel maker J Brand is also considering an initial public offering or sale, sources have said.

Affluent shoppers have continued to spend despite a weak economy, helping such high-end apparel makers grow. As some of these investments mature, their private equity owners are looking to cash out.

Hudson Jeans, which can cost more than $150, are sold at high-end department stores such as Saks and Nordstrom . Both chains reported strong June sales, topping expectations.

Hudson, which expects to generate $85 million in revenue and $15 million in earnings before interest, tax, depreciation and amortization this year, could sell for 10 times EBITDA, or $150 million, one of the sources said.

A similar valuation is expected for J Brand, known for its luxury denim jeans that can cost upward of $170.

Hudson Jeans has a large following among A-list celebrities including such actors as Jessica Alba and Jude Law, and soccer star David Beckham. Hudson's longtime face, Georgia May Jagger, has also designed a collection of 1970s inspired jeans for the brand.

Fireman Capital, whose founder is Reebok founder Paul Fireman, invested $33 million in Hudson Jeans in 2009 alongside Webster Capital.

© Thomson Reuters 2022 All rights reserved.