Jeff lubell biography
True Religion
American clothing company
For other uses, see True Religion (disambiguation).
True Religion Brand Jeans is an American clothing company established in by Jeff Lubell and fashion designer Kym Gold and is based in Vernon, California.
Overview
True Religion brand designer jeans are manufactured from premium denim.
They also make designer clothing, some of which is made in the United States. In , True Religion was sold in about boutiques and specialty stores in 50 countries on six continents.[1] In May , the company owned 50 retail stores in 30 countries.[2]
History
Unusually, the brand began with the production of about 14, pairs of jeans, being, the co-founder Lubell has remarked, contrary to the typical business model, in which "you make a sample line, go to market, get orders, and ship your production."[3] The company adopted a business model in which everything was outsourced, depending on contractors "to do everything."[3]
Its flagship store opened in , in Manhattan Beach, California.
Jeff lubell wikipedia Tools Tools. True Religion is indeed one of those brands that fall into the latter category, and while the line has never not been popular, it is undoubtedly experiencing a different kind of resurgence in the year Kym Gold Jeff Lubell. She would remain a board member.True Religion products are also sold at major department stores, including Von Maur, Nordstrom, Bloomingdales, Saks Fifth Avenue.[4]
In November , the company's former president[5] Michael Buckley was appointed CEO, returning to aid in recovery from bankruptcy.[6] Subsequently, Buckley re-hired designer Zihaad Wells as creative director, who had, in late , resigned from Levi's in Europe to join True Religion,[5] also at Buckley's request.[6]
Following two bankruptcy filings, in and , the brand closed some stores.[7] The company appeared to rebound in , with sales topping $ million.[5][6]
acquisition by Towerbrook
True Religion was purchased by TowerBrook Capital Partners on May 10, The acquisition provided shareholders a 52% premium to True Religion's share price on October 9, [8] The stock had fallen 40% in up to October 9, , due to a poor pre-Christmas sales in , and concern that a shrinking number of shoppers were willing to purchase True Religion's high-priced jeans.[9]Forbes also noted that, over the prior three years, True Religion shares had gained just % while shares in comparable luxury-goods companies VF Corporation, Ralph Lauren Corporation, and PVH Corp.
had each more than doubled in value.[9] Prior to the purchase, True Religion traded on NASDAQ under the symbol TRLG.[10]
Bankruptcies
True Religion filed for Chapter 11 bankruptcy protection on July 5, , acknowledging that it had $ million in liabilities and only $ million in assets.[7] It then announced the closure of 27 stores in the United States.[11]
In April , the design company again filed for bankruptcy,[12] closing 37 locations, resulting in a total of 49 stores remaining.
The second bankruptcy was completed in November ,[5] and the company was considered to have rebounded the following year.[5][6]
See also
References
- ^"True Religion Apparel, Inc". . Archived from the original on
- ^Edelson, Sharon ().
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"True Religion CEO Michael Buckley Talks Turnaround And International Growth". Forbes. Retrieved 16 August
- ^ abAbkowitz, Alyssa (). "How True Religion jeans got started".Jeff lubell biography Slide 1 of 3. She is an identical triplet. External links [ edit ]. Contents move to sidebar hide.
Fortune. CNN. Retrieved 16 August
- ^"Store Locator". Archived from the original on July 3, Retrieved June 19,
- ^ abcdeMoin, David ().
"Behind a Rebound, True Religion Aims to Double Revenues". . Women's Wear Daily. Retrieved 16 August
- ^ abcdBENISSAN, Ezreen (). "How Juicy Couture and True Religion made a comeback".
Jeff lubell biography death: Designer jeans , clothing. Bankruptcies [ edit ]. After taking a seven-year break from fashion when he left the True Religion Brand Jeans label, Jeffrey Lubell is back in the game. Malibu Times.
Vogue. Retrieved 16 August
- ^ abWattles, Jackie (July 5, ). "True Religion files for bankruptcy". .Jeff lubell biography wikipedia Wikidata item. After taking a seven-year break from fashion when he left the True Religion Brand Jeans label, Jeffrey Lubell is back in the game. Retrieved January 8, Retrieved
Retrieved July 17,
- ^"PE Purchase". 10 May Retrieved January 8,
- ^ ab"When A Bullish Bet On True Religion Paid Off With A 24% Return". Forbes. 10 May Retrieved 10 September
- ^"TRUE RELIGION APPAREL INC (TRLG) SPO".
. Retrieved
- ^Bomey, Nathan; Tulp, Sophia; Ell, Kellie (July 5, ). "True Religion to close 27 stores after bankruptcy filing: See the list". USA Today.
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Retrieved July 17,
- ^"True Religion Files for Bankruptcy Again as Denim's Allure Fades". Bloomberg. April 13,