Latest news with #RevolveGroup
Business Insider
20 hours ago
- Business
- Business Insider
William Blair Reaffirms Their Buy Rating on Revolve Group (RVLV)
William Blair analyst Dylan Carden maintained a Buy rating on Revolve Group (RVLV – Research Report) today. The company's shares closed today at $22.57. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Carden covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, National Vision Holdings, and Revolve Group. According to TipRanks, Carden has an average return of 25.0% and a 67.09% success rate on recommended stocks. Currently, the analyst consensus on Revolve Group is a Moderate Buy with an average price target of $22.15.
Fashion United
23-05-2025
- Business
- Fashion United
Revolve Group reportedly acquires IP of Dion Lee
US e-commerce retailer Revolve Group is believed to have snapped up the intellectual property (IP) assets of Australian fashion brand Dion Lee. This is according to the Australian Financial Review, which said that Revolve had acquired the Sydney-based brand's assets from its administrator, DVT Group, for under one million dollars. Founded in 2009, Dion Lee, at once a regular at New York Fashion Week, had experienced what was to be a short-lived success, operating through six stores in its homeland of Australia, one location in the US and selling via 160 international outlets. The company had begun to position itself for the next phase of growth by the end of 2023, appointing James Miller as its first chief executive officer to oversee the process. By May 2024, however, Dion Lee had placed its Australian arm under administration after an investor, Cue Clothing, pulled out following a strategic review. DVT was appointed to explore 'all options' related to Dion Lee's business operations, including those in the US, which at one time was the brand's biggest market. At the time of the administration, the brand was believed to have owed 35 million dollars in total liabilities. In the following August, it was then reported that the brand would wind down after no deals were reached with potential buyers. AFR stated that administrators had sold more than 40,000 Dion Lee items in the second half of 2024 to recover nine million dollars in debt. FashionUnited has contacted Revolve Group and DVT Group with requests to comment.
Fashion Network
23-05-2025
- Business
- Fashion Network
Revolve acquires embattled Australian luxury brand Dion Lee
U.S. e-commerce fashion giant Revolve Group has reportedly acquired the IP-related assets of Dion Lee, just months after the embattled Australian luxury brand announced plans to close after failing to attract a buyer. See catwalk According to Australian media reports, the Los Angeles-based Revolve Group, which operates luxury multi-brand e-commerce platforms Revolve and Fwrd, has acquired the Sydney-founded brand's assets, for an undisclosed amount, with one outlet reporting the sale figure to be less than $1 million. Since last year, Antony Resnick, of the Australian insolvency firm DVT Group, has been on the hunt to find a saviour buyer for the now New York-based fashion brand, which filed for bankruptcy last May, following major investor Cue Clothing's withdrawal of its stake in the business. At the time of insolvency, the brand owed $35 million in total liabilities, including a $20 million loan from Cue Clothing. According to media reports, administrators sold more than 40,000 Dion Lee items at a huge discount in the second half of 2024 to recoup $9 million of debt. In November, Resnick announced a saviour buyer or investor could not be found and Dion Lee would close for good by year-end 2024. See catwalk Now with Revolve's rescue, it is believed that designer Dion Lee will stay on as creative director of the brand. Both Dion Lee and Revolve are yet to confirm the news. Dion Lee founded his eponymous fashion brand in 2009. In 2013, Australian brand and retailer Cue acquired a major share in Dion Lee, and a year later, the brand showed as part of New York Fashion Week, where it had been a mainstay until the spring/summer 2024 season. Earlier this month, Dion Lee-parent Revolve Group said first quarter sales rose 10% to $296.7 million, thanks to growth across all brand channels and geographies.
Fashion Network
23-05-2025
- Business
- Fashion Network
Revolve acquires embattled Australian luxury brand Dion Lee
U.S. e-commerce fashion giant Revolve Group has reportedly acquired the IP-related assets of Dion Lee, just months after the embattled Australian luxury brand announced plans to close after failing to attract a buyer. See catwalk According to Australian media reports, the Los Angeles-based Revolve Group, which operates luxury multi-brand e-commerce platforms Revolve and Fwrd, has acquired the Sydney-founded brand's assets, for an undisclosed amount, with one outlet reporting the sale figure to be less than $1 million. Since last year, Antony Resnick, of the Australian insolvency firm DVT Group, has been on the hunt to find a saviour buyer for the now New York-based fashion brand, which filed for bankruptcy last May, following major investor Cue Clothing's withdrawal of its stake in the business. At the time of insolvency, the brand owed $35 million in total liabilities, including a $20 million loan from Cue Clothing. According to media reports, administrators sold more than 40,000 Dion Lee items at a huge discount in the second half of 2024 to recoup $9 million of debt. In November, Resnick announced a saviour buyer or investor could not be found and Dion Lee would close for good by year-end 2024. See catwalk Now with Revolve's rescue, it is believed that designer Dion Lee will stay on as creative director of the brand. Both Dion Lee and Revolve are yet to confirm the news. Dion Lee founded his eponymous fashion brand in 2009. In 2013, Australian brand and retailer Cue acquired a major share in Dion Lee, and a year later, the brand showed as part of New York Fashion Week, where it had been a mainstay until the spring/summer 2024 season. Earlier this month, Dion Lee-parent Revolve Group said first quarter sales rose 10% to $296.7 million, thanks to growth across all brand channels and geographies.
Fashion Network
22-05-2025
- Business
- Fashion Network
Revolve acquires embattled Australian luxury brand Dion Lee
U.S. e-commerce fashion giant Revolve Group has reportedly acquired the IP-related assets of Dion Lee, just months after the embattled Australian luxury brand announced plans to close after failing to attract a buyer. See catwalk According to Australian media reports, the Los Angeles-based Revolve Group, which operates luxury multi-brand e-commerce platforms Revolve and Fwrd, has acquired the Sydney-founded brand's assets, for an undisclosed amount, with one outlet reporting the sale figure to be less than $1 million. Since last year, Antony Resnick, of the Australian insolvency firm DVT Group, has been on the hunt to find a saviour buyer for the now New York-based fashion brand, which filed for bankruptcy last May, following major investor Cue Clothing's withdrawal of its stake in the business. At the time of insolvency, the brand owed $35 million in total liabilities, including a $20 million loan from Cue Clothing. According to media reports, administrators sold more than 40,000 Dion Lee items at a huge discount in the second half of 2024 to recoup $9 million of debt. In November, Resnick announced a saviour buyer or investor could not be found and Dion Lee would close for good by year-end 2024. See catwalk Now with Revolve's rescue, it is believed that designer Dion Lee will stay on as creative director of the brand. Both Dion Lee and Revolve are yet to confirm the news. Dion Lee founded his eponymous fashion brand in 2009. In 2013, Australian brand and retailer Cue acquired a major share in Dion Lee, and a year later, the brand showed as part of New York Fashion Week, where it had been a mainstay until the spring/summer 2024 season. Earlier this month, Dion Lee-parent Revolve Group said first quarter sales rose 10% to $296.7 million, thanks to growth across all brand channels and geographies.
