Add-on Acquisition • Retail

and STHD Acquires Velvet

On April 3, 2017, and STHD acquired retailer Velvet

Acquisition Context

This is and STHD’s 1st transaction in the Retail sector.
This is and STHD’s 1st transaction in the United States.
This is and STHD’s 1st transaction in California.

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M&A Deal Summary
Date	April 3, 2017
Target	Velvet
Sector	Retail
Buyer(s)	and STHD
Deal Type	Add-on Acquisition

Target Company

Velvet

Culver City, California, United States

Velvet LLC is an own and operator of 8 retail stores in the US and 1 store in U.K. The collection is distributed to premium department stores and high-end specialty stores both in the US and abroad. Velvet has collaborated in the past with super model Lily Aldridge and will be collaborating this summer with super model Kirsty Hume. Velvet LLC is formed in 1973 and is based in Culver City, California.

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Buyer Overview 1

Buyer

and STHD

Tokyo, Japan

Category	Company
Founded	1953
Sector	Retail
Employees	6,944
Revenue	293.1B JPY (2025)

DESCRIPTION

and STHD owns and operates 1,358 retail stores in Japan and 108 stores overseas. Adastria owns 21 brands, including apparel, lifestyle, and restaurant businesses. and STHD was founded in 1953 and is based in Tokyo, Japan.

Deal Context for Buyer	#
Overall	1 of 2
Sector: Retail	1 of 1
Type: Add-on Acquisition	1 of 2
State: California	1 of 2
Country: United States	1 of 2
Year: 2017	1 of 2

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-04-06	Velvet Culver City, California, United States Velvet designs, manufactures and sells upscale women's and men's apparel. Velvet's portfolio covers a wide range from contemporary to designer price points and includes t-shirts, tops, pants, shorts, skirts, dresses and other categories. Products are primarily sold domestically through wholesale (department and specialty stores), online and retail channels and internationally through distributors.	Buy	$37M

DATE

TARGET

DEAL TYPE

VALUE

2017-04-06

Velvet

Culver City, California, United States

Velvet designs, manufactures and sells upscale women's and men's apparel. Velvet's portfolio covers a wide range from contemporary to designer price points and includes t-shirts, tops, pants, shorts, skirts, dresses and other categories. Products are primarily sold domestically through wholesale (department and specialty stores), online and retail channels and internationally through distributors.

Buy

$37M

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