Under new ownership, True Religion targets new growth
Jan 10, 2025 · True Religion’s revenue has increased as a result; its sales totaled $280 million in 2023, up from $255 million in 2021 and $151 million in 2020. The brand also brought in $80 million in EBITDA in 2023, per CNBC. Still, True Religion is short of its goal of $500 million in revenue and faces competition from online marketplaces with lower prices.
True Religion Acquired by American Eagle CEO-Chaired …
Jan 7, 2025 · California premium denim label True Religion has been acquired by a pair of investors aiming to put the Y2K favorite on track for a true comeback.
True Religion Updates Retail Agenda, Sees Up to 150 Stores - WWD
Nov 1, 2024 · True Religion, the denim and sportswear brand distinguished by its “Super T” stitch, is advancing its retail presence in the U.S. with four store openings set for this year.
Jeans brand True Religion acquired by PE firm, American Eagle …
Jan 7, 2025 · Jeans brand True Religion has been acquired by private equity firm Acon Investments and American Eagle-linked firm SB360 Capital Partners – a retail investment fund chaired by the retailer's...
True Religion, As Part Of Its Growth Plan, Launches Plus-Size ... - Forbes
Nov 14, 2023 · True Religion, the designer denim brand that had its heyday 20 years ago, and has bounced back on from its second bankruptcy, is continuing its turnaround strategy with the launch today of a...
True Religion Acquired by Private Equity Firm Acon Investments
Jan 7, 2025 · True Religion announced Tuesday that private equity firm Acon Investments had acquired a majority stake in the company. SB360 Capital Partners, where American Eagle ’s chief executive Jay Schottenstein serves as chairman, also participated in the deal.
ACON Investments Acquires True Religion, An Iconic Lifestyle Brand
WASHINGTON, Jan. 7, 2025 /PRNewswire/ -- ACON Investments, L.L.C. and its affiliates ("ACON") today announced the acquisition of a controlling stake in True Religion ("True Religion" or the...
How True Religion Is Stitching Together Its Comeback
Nov 21, 2023 · Six years later, True Religion is looking to make a comeback by embracing a new strategy in its product offerings and addressing consumer needs and desires.
Jeans brand True Religion exploring sale - CNBC
Feb 15, 2024 · True Religion, the Y2K-era jeans brand that managed to survive two bankruptcies, is exploring a sale. A wide range of consumer-focused private equity firms and a number of …
True Religion expands retail footprint with four new store openings
Nov 4, 2024 · Apparel and accessories brand True Religion is expanding its retail presence with the opening of four new locations nationwide. The new store locations include Katy and San Antonio, Texas; Brooklyn, New York; and Orland Park, Illinois.