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Ex Urban Outfitters CEO, Berkshire Partner on $350 Million Retail Investment Deal

In Industry News, What's New by Accessories StaffLeave a Comment

New York and Boston—Glen T. Senk, past chief executive officer at Urban Outfitters and David Yurman, has partnered with Berkshire Partners, a private investment firm, to “co-invest in innovative, high-growth retail and consumer businesses,” the partners revealed today. As an initial investment, Berkshire committed $350 million to future investments alongside …

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Urban Outfitters Q4 Profit Doubles on Higher Sales, Margins

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Philadelphia—Urban Outfitters Inc.’s strategy to improve gross margins and total sales during the fourth quarter proved successful: the company reported Monday net income doubled on stronger sales. For the quarter ended Jan. 31, the operator of Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters retail brands posted net income of …