Alice & Olivia Sale to SK Holdings
Alice & Olivia Sale to SK Holdings
Transaction
Overview
Our Partner firm, The Sage Group, advised Alice & Olivia on its sale to SK Holidings.
alice + olivia is a preeminent designer, marketer, wholesaler, and retailer of women’s apparel and accessories. Founded in 2002 by Stacey Bendet, the designer started the company with the inspiration of dressing women for all aspects of her life. The Company is globally recognized for its aspirational luxury and colorful representations of dressing as a form of personal expression. A convergence of playful sophistication and bold femininity with a rock and roll spirit, alice + olivia’s design aesthetic is in part distinguished by its use of adventurous prints, embroidery, romantic embellishments, vibrant colors, and modern feminine silhouettes.
alice + olivia has a strong celebrity base including stars Gwyneth Paltrow and former First Lady Michelle Obama. The Company has a wide distribution footprint with 35 boutiques and more than 800 wholesale accounts in 50 countries. alice + olivia’s website is operated out of the U.S. and fulfills e-commerce orders worldwide.
alice + olivia engaged The Sage Group in mid-2016 to explore strategic alternatives. The Company received significant interest and ultimately decided on a minority sale to SK Holdings, one of the largest conglomerates in South Korea.
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