Columbus, Ohio, and New York City — Parent company of fashion apparel retailer Express, Inc., EXPR, and global brand management firm, WHP Global have entered a definitive agreement to acquire menswear brand Bonobos, Inc. from Walmart Inc., for a combined $75 million. This is the first acquisition to be made jointly by WHP Global and EXPR since finalizing their strategic partnership earlier this year. Bonobos, founded in 2007 and acquired by Walmart in 2017, distinguished itself in the menswear category based on product fit, customer experience and the innovative Guideshop …
UpWest
Columbus, Ohio — The president and chief operating officer of fashion apparel retailer Express, Inc., Matthew Moellering, plans to retire on May 5, 2023. He has been with the company for 20 years. Express has retained executive search and leadership advisory firm Spencer Stuart to conduct an external search for Moellering’s replacement. Moellering has been with Express since 2003 and was appointed to his current position in September 2019. He served as interim CFO from October 2021 to March 2022 and interim CEO and president from January through June 2019; …
New York City — Newmark Retail has secured three new leases on behalf of fashion retailer Express, Inc., totaling more than 18,000 square feet for two Express Edit stores and for the first UpWest store in Manhattan. Newmark’s vice chairmen Jeremy Ezra and Ariel Schuster, along with director Michael Paster, represented the tenant on all three transactions. “By launching Express Edit concepts in two of the most vibrant shopping neighborhoods and introducing UpWest, an entirely new option to feed the appetites of New York shoppers, Express will be reintroduced to …