Redcats a Possible Suitor for Lands' End, J. Crew

Share this article:
Cataloger Redcats USA would consider acquiring either Lands' End or J. Crew if the price were right, chairman/CEO Eric Faintreny said yesterday.


"It is official that we are looking for acquisitions in the U.S.," he said.


Redcats, which is owned by French retail giant PPR SA, operates catalogs such as Chadwick's of Boston; Lerner; Jessica London; Lane Bryant; Roaman's; King Size; and Brylane. In January, the company launched Intimate Promise, a catalog featuring lingerie for plus-size women.


Earlier this week, fashion trade publication Women's Wear Daily reported that J. Crew, which is owned by Texas Pacific Group, is considering an initial public offering for next year, and that Sears, Roebuck & Co. is shopping around Lands' End. The asking price for Lands' End is reportedly $1.2 billion -- down from the $1.9 billion Sears paid for the company in 2002.


Redcats already does a significant amount of its business in apparel, so the company would prefer to acquire a catalog and/or Internet business outside of this category, Faintreny said.


However, with "Lands' End being one of the major home-shopping operators in the U.S., even though it doesn't directly fit our strategy, we need to at least have a look at what's going on," he said.


A J. Crew deal is more farfetched, he said.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.