TowerBrook news and archive

Phase Eight set for African expansion after being acquired by The Foschini Group

Private equity firm TowerBrook has announced the sale of international women's wear label Phase Eight to The Foschini Group, a retail group based in South Africa, in a transaction which values the brand at 238 million pounds. The announcement comes months after TowerBrook began hinting at the potential sale to cash out on Phase Eight profit rise...

Fashion

TowerBrook acquires True Religion for 835 million dollars

TowerBrook Capital Partners LP has acquired True Religion for circa 835 million dollars, as announced by both parties earlier this weekend. The 32-a-share offer is 8.7 percent more than True Religion’s closing price on May 9. Under the terms of the “definitive merger agreement”, TowerBrook will acquire all of the outstanding shares of True...