Latest news with #digitalgrowth
Yahoo
17 hours ago
- Business
- Yahoo
True Religion Promotes Kristen D'Arcy and Tina Blake
True Religion has promoted executives Kristen D'Arcy and Tina Blake to support the growth of its digital and women's businesses and meet the company's goal of achieving $1 billion in sales in a few years. D'Arcy has added the title of head of digital growth, in addition to continuing to serve as chief marketing officer. D'Arcy has served as chief marketing officer since 2023, when she became the first and only person in the company to hold that title. More from WWD Former Printemps, Zimmermann Investor Borletti Group Buys Stake in True Religion How True Religion Aims to Reach $1 Billion in Volume Brazilian Pop Star Anitta Kicks Off True Religion's New Marketing Platform 'In addition to overseeing all marketing efforts, Kristen now runs True Religion's e-commerce business, the brand's biggest growth driver, which is slated to represent nearly 50 percent of the business by the end of this year and will continue to grow double digits year over year,' the company indicated in a statement. Three years ago, True Religion's digital business accounted for 35 percent of the total business. D'Arcy said the growth in digital will be achieved by improving True Religion's digital experience and customer service and increasing website conversion. Among other accomplishments, D'Arcy launched True Religion's 'Team True' content-creator and 'Own Your True' platforms. Blake has been promoted to creative director and senior vice president of design, merchandising and brand image. With the promotion, Blake now manages the entire merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. Her former title was senior vice president of men's and women's design and brand Image. 'My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' Officials said the promotions did not result in any departures from the company. The denim, sportswear and accessories brand distinguished by its 'Super T' stitch expects annual sales to top $450 million this year. True Religion expects to reach its goal of $1 billion in sales in three to five years. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level,' Michael Buckley, True Religion's chief executive officer, said in a statement. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
RedBird Capital Partners Announces Agreement To Acquire Telegraph Media Group
RedBird Capital Partners has today announced an in-principle agreement to acquire the Telegraph Media Group, becoming the sole control owner, which unlocks a new era of growth for the 170-year-old title RedBird's growth strategy will include capital investment in digital operations, subscriptions and journalism as it looks to expand The Telegraph internationally RedBird is in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of The Telegraph International Media Investments ("IMI") will participate as a minority investor subject to ongoing secondary legislation NEW YORK, May 23, 2025--(BUSINESS WIRE)--RedBird Capital Partners ("RedBird") today announced that it has reached an in-principle agreement to acquire The Telegraph Media Group ("The Telegraph" or "TMG") at a total enterprise valuation of £500m, becoming the sole control owner. It is the largest investment in UK print media in a decade and unlocks a new era of growth for the 170-year-old title. RedBird's growth strategy will include capital investment in the group's digital operations to continue driving subscriptions, using best in class data analytics and Artificial Intelligence tools to expand the value proposition to its core subscriber base and potential new subscribers. RedBird will build on the strong financial foundations established by the current management team and will work with them to grow the brand internationally, with a focus on the United States where RedBird has a strong strategic presence across news, media and sports. Together, RedBird and TMG senior leadership will work to develop new content verticals in areas such as travel and events to maximise the commercial opportunities from a growing international and mass affluent subscriber base. With this transaction, RedBird has emerged as one of the largest investors in UK media, sports and entertainment, with a portfolio including Premier League Champion Liverpool FC; All3Media, the UK's largest independent television, film and digital production and distribution company; Fulwell Entertainment, one of the UK's leading television, film and music production companies; Build a Rocket Boy, one of the UK's largest independent video gaming and entertainment studios; and the pending acquisition of the UK's Channel 5 as a result of Skydance Entertainment's merger with Paramount Global. Gerry Cardinale, Founder and Managing Partner of RedBird, said: "This transaction marks the start of a new era for The Telegraph as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base. We believe that the UK is a great place to invest, and this acquisition is an important part of RedBird's growing portfolio of media and entertainment companies in the UK. Having now spent time with Chris Evans, Anna Jones and the entire senior management team at The Telegraph, we have tremendous conviction in the growth potential of this incredibly important cultural institution." "RedBird has a 30-year track record partnering with iconic, longstanding brands and supporting their underlying intellectual property for new forms of monetisation. We are looking forward to working with The Telegraph's exceptional leadership to deliver a growth plan that takes The Telegraph's journalism to new audiences around the world." "I also want to thank the Independent Directors and Deputy Chairman, Lord Black, for their tireless work and unwavering commitment to seeing this sale process through over the last two years. With this announcement, we are now looking forward to working with the Independent Directors and UK government regulators to complete our acquisition process." Chris Evans, Editor of The Daily Telegraph, said: "The Telegraph has made enormous progress in recent years since the launch of its digital subscriptions strategy, thanks to the hard work of its brilliant staff. But there is much more that can be achieved. With the right plan and the right investment by ambitious new owners, this venerable title can look forward to an era of unprecedented success." Anna Jones, CEO of Telegraph Media Group, said: "Telegraph Media Group is an award-winning news media organisation, with exceptional journalism at its heart, supported by leading commercial expertise, a commitment to innovation and a laser focus on data to drive strategy. RedBird Capital Partners have exciting growth plans that build on our success - and will unlock our full potential across the breadth of our business." RedBird has ambitious growth plans that focus on investing in top journalistic talent, from award-winning reporters to opinion-leading commentators. It will also remove barriers to growth and accelerate the transition to digital, building on The Telegraph's success as 'Website of the Year' at the UK Press Awards for two consecutive years. A key part of RedBird's strategy is expanding The Telegraph's global reach, particularly in the United States, leveraging the title's iconic brand and authoritative reporting to drive new audiences seeking world class independent journalism. Collaboration across RedBird's portfolio will create unique partnership opportunities, blending tradition with innovation to expand The Telegraph's position as a global leader in quality journalism. RedBird is in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of The Telegraph. International Media Investments ("IMI") will also participate in the acquisition as a minority investor, subject to the passage of secondary legislation regarding foreign ownership thresholds. RedBird Capital Partners was founded in 2014 by Gerry Cardinale, a leading investor and philanthropist with significant experience in building multi-billion-dollar iconic intellectual property companies. Managing a global portfolio of sports, media and entertainment, and financial services companies, RedBird spans ten offices worldwide, serving blue-chip institutional and family office investors seeking unique, transformative and differentiated investment opportunities across these three industry verticals. RedBird's flagship investments include Skydance Media (Larry and David Ellison) and its pending merger with Paramount Global; All3 Media; AC Milan; Fenway Sports Group (Boston Red Sox, Liverpool FC, Pittsburgh Penguins, PGA Tour); the Yankees Entertainment & Sports ("YES") Network (New York Yankees and Amazon); Artists Equity (Ben Affleck and Matt Damon); Fulwell Entertainment (Ben Winston, James Corden and Maverick Carter); the United Football League (Disney/ESPN, Fox and Dwayne Johnson); the Indian Premier League's Rajasthan Royals; and Formula One's Alpine Racing team. RedBird also has a strong foothold in the financial services sector through a broad investment portfolio across insurance, specialty finance and wealth management, including Arax, one of the fastest growing wealth management platforms in the US that RedBird has scaled to $27 billion of AUM; Aquarian, a diversified life and annuity carrier and asset management platform with $20 billion in assets; and Bishop Street Underwriters, which recently acquired Landmark Underwriting, a specialty-focused managing general agent based in London, to expand its reach into the UK insurance market. About RedBird Capital Partners RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue-chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business-building mandate that focuses on three core industry verticals – Sports, Media & Entertainment, and Financial Services. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to View source version on Contacts Hanbury Strategy - UK Media RedBirdCapital@ Gagnier Communications - US Media RedBird@
Arabian Business
15-05-2025
- Business
- Arabian Business
Trendyol, Zid join forces to grow revenue for SMEs in Saudi Arabia and UAE
Trendyol, an Istanbul-based e-commerce marketplace, and Zid, Saudi Arabia's leading e-commerce enablement platform, have partnered to accelerate growth opportunities for merchants in the Kingdom and the UAE. The partnership will provide local merchants with the tools to increase reach, scale, and grow digitally. The partnership with Zid will enable sellers to connect their stores to Trendyol, giving them instant access to over three million customers on the platform, the company said. 'Our focus has always been on empowering local businesses and enhancing the regional e-commerce ecosystem,' said Mohamad ElAnsari, CEO, Trendyol Gulf. 'This partnership opens new doors for brands and entrepreneurs to grow and marks an important step toward our longer-term ambition of enabling two-way commerce to and from Saudi,' he said. ElAnsari said their platform has already welcomed 1,000 local SMEs in a short time, and with Zid, it will be well positioned to expand that reach and support even more businesses in their digital journey. Mazen AlDarrab, CEO of Zid, said with Trendyol as a key sales channel, Zid merchants can now set up their store and seamlessly sync their inventory, product listings, logistics, and payments, gaining access to one of the region's fastest-growing digital marketplaces with millions of active, purchase-ready shoppers. 'Through Zid's unified dashboard, they can manage all sales channels in one place, online and offline,' he said.
Arab News
15-05-2025
- Business
- Arab News
Trendyol and Zid partner to drive revenue growth and expansion for SMEs in KSA, UAE
Trendyol, one of the world's fastest-growing e-commerce marketplaces, and Zid, Saudi Arabia's leading e-commerce enablement platform, have partnered to accelerate growth opportunities for merchants in the Kingdom and UAE by providing them with the tools to increase reach, scale, and grow digitally. This strategic partnership with Zid enables sellers to connect their stores to Trendyol, giving them instant access to over 3 million customers on the platform. 'Our focus has always been on empowering local businesses and enhancing the regional e-commerce ecosystem,' said Mohamad El-Ansari, CEO, Trendyol Gulf. 'Zid shares many core values with us — from being a digital-first business to aiming to make a real impact on the local community and contributing toward the economic development of the region. This partnership opens new doors for brands and entrepreneurs to grow and marks an important step toward our longer-term ambition of enabling two-way commerce to and from Saudi. We've already welcomed 1,000 local SMEs to our platform in a short time, and with Zid, we're well positioned to expand that reach and support even more businesses in their digital journey.' Zid supports sellers to grow through a unified approach to digital and physical retail. The integration with Trendyol delivers on Zid's Total Commerce vision, enabling merchants to manage every sales channel — online, offline, physical stores, and social commerce — through a single platform. 'With Trendyol as a key sales channel, Zid merchants can now set up their store and seamlessly sync their inventory, product listings, logistics, and payments, gaining access to one of the region's fastest-growing digital marketplaces with millions of active, purchase-ready shoppers. Through Zid's unified dashboard, they can manage all sales channels in one place, online and offline. 'This powerful integration expands access to high-growth markets while equipping merchants with the tools and insights they need to scale. It reflects our commitment to being a catalyst for growth, unlocking regional opportunities for our merchants,' added Mazen AlDarrab, CEO of Zid. This collaboration reflects Trendyol's ongoing commitment to building a localized, inclusive marketplace that meets the evolving needs of Gulf consumers and businesses. As the company continues to grow its partner ecosystem, it remains focused on enabling more brands to scale seamlessly and succeed in the digital economy, as well as grow across borders.
Zawya
14-05-2025
- Business
- Zawya
Trendyol and Zid partner to drive revenue growth and expansion for SMEs in KSA & UAE
Riyadh, Saudi Arabia / Dubai, UAE – Trendyol, one of the world's fastest-growing e-commerce marketplaces, and Zid, Saudi Arabia's leading e-commerce enablement platform, have partnered to accelerate growth opportunities for merchants in the Kingdom and UAE by providing local merchants with the tools to increase reach, scale, and grow digitally. This strategic partnership with Zid enables sellers to connect their stores to Trendyol, giving them instant access to over three million customers on the platform. 'Our focus has always been on empowering local businesses and enhancing the regional e-commerce ecosystem,' said Mohamad ElAnsari, CEO, Trendyol Gulf. 'Zid shares many core values with us – from being a digital-first business to aiming to make a real impact on the local community and contributing towards the economic development of the region. This partnership opens new doors for brands and entrepreneurs to grow and marks an important step toward our longer-term ambition of enabling two-way commerce to and from Saudi. We've already welcomed 1,000 local SMEs to our platform in a short time, and with Zid, we're well positioned to expand that reach and support even more businesses in their digital journey.' Zid supports sellers to grow through a unified approach to digital and physical retail. The integration with Trendyol delivers on Zid's Total Commerce vision, enabling merchants to manage every sales channel - online, offline, physical stores, and social commerce - through a single platform. 'With Trendyol as a key sales channel, Zid merchants can now set up their store and seamlessly sync their inventory, product listings, logistics, and payments, gaining access to one of the region's fastest-growing digital marketplaces with millions of active, purchase-ready shoppers. Through Zid's unified dashboard, they can manage all sales channels in one place, online and offline. 'This powerful integration expands access to high-growth markets while equipping merchants with the tools and insights they need to scale. It reflects our commitment to being a catalyst for growth, unlocking regional opportunities for our merchants.' added Mazen AlDarrab, CEO of Zid. This collaboration reflects Trendyol's ongoing commitment to building a localized, inclusive marketplace that meets the evolving needs of Gulf consumers and businesses. As the company continues to grow its partner ecosystem, it remains focused on enabling more brands to scale seamlessly and succeed in the digital economy, as well as grow across borders. About Trendyol Founded in Istanbul in 2010, Trendyol is one of the world's leading e-commerce platforms with a multi-category offering that includes its own private label brand, Trendyol Collection. It connects more than 250,000 sellers and well-known global brands with over 40 million customers on dedicated local language apps in Türkiye, Germany, Azerbaijan, Bulgaria, Poland, Czech Republic, Slovakia, Hungary, Romania, Greece, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Oman. About Zid Founded in 2017 by Mazen AlDarrab and Sultan AlAsmi, Zid is Saudi Arabia's leading omni-channel e-commerce SaaS platform, headquartered in Riyadh. Serving over 13,500 local merchants and offering consumers more than two million SKUs, Zid provides a comprehensive suite of solutions that enable businesses to efficiently launch, manage, and scale their operations. Zid's services includes online payments through ZidPay, in-store point-of-sale solutions with ZidPOS, and streamlined shipping via ZidShip. Additionally, its mobile app marketplace, Mazeed, aggregates top-tier products and stores to deliver seamless customer experiences. With a team of 250 employees, Zid is at the forefront of driving digital transformation and growth in Saudi Arabia's retail sector, aligned with the Kingdom's Vision 2030. Zid is backed by local and regional investors including IMPACT46, Wa'ed Ventures (Saudi Aramco's VC fund), Endeavour.
