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Joop! sold for mystery sum

Fashion

Joop! sold for mystery sum

By FashionUnited

15 Apr 2003

This week German fashion house Joop! announced it has been sold to a consortium of its own licensees but did not disclose the sum involved.

The company said that the group includes Strellson (Joop! menswear), Egana Goldpfeil (leather goods) and Coty Lancaster, licensee of the Joop! fragrances.

Wolfgang Joop sold the firm to the Wüensche group for USD 83 million five years ago. The company was put up for sale again after Wüensche was bankrupted.