Women’s Wear Daily
04.16.2014
fashion-scoops
fashion-scoops

Thrift-Store Chain Savers Lands Investors

Private equity firms Leonard Green & Partners and TPG have made an investment for an undisclosed amount in the Bellevue, Wash.-based retailer.

fashion-scoops/news
Most Recent Articles In Fashion Scoops
Most Recent Articles In Fashion Scoops More Articles By

NEW INVESTMENT: Private equity firms Leonard Green & Partners and TPG have made an investment for an undisclosed amount in thrift-store chain Savers Inc. to recapitalize the retailer. The transaction, which follows a six-year partnership with investment firm Freeman Spogli & Co., is expected to close in July.


Bellevue, Wash.-based Savers, which focuses on the gently used, resale business model for women’s, men’s and kids’ apparel utilizing a department store format, is expected to exceed 300 stores this year.


Thomas Ellison, son of the company’s founder and a 35-year veteran of Savers, will have an equal ownership position to LGP and TPG in the company and will remain chairman. Ken Alterman will continue as president and chief executive officer.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or