Is strategically exploring options, including the potential sale of a minority stake, sources familiar with the matter reveal.
The profitable company has engaged a financial adviser to facilitate this crucial phase, actively seeking interest from diverse investors such as private equity firms and family offices. Specific terms, including Faherty’s potential valuation, remain undisclosed at this time.
Founded in 2013 by twin brothers Alex and Mike Faherty, along with Alex’s wife Kerry Docherty, the brand has a noteworthy origin story. Alex, with a background in finance at Cerberus Capital Management and Greenhill & Co., shared on LinkedIn, «After years working in finance (me) and fashion (Mike), we quit our jobs to launch the company.»
Faherty Brand’s core mission is to curate clothing that seamlessly blends relaxation and casual elegance, featuring impeccable design, premium fabrics, sustainability, and a lifetime guarantee. As stated by Faherty, it’s about «creating the clothing that we’d want to wear.»
With a significant expansion since 2019, Faherty now boasts an impressive network of 60 retail stores across the United States, a testament to its market resonance.
While a Faherty representative has chosen not to comment at this time, the exploration of a minority stake sale signifies a strategic move, opening up new growth opportunities. Stay tuned for updates on this exciting development from Faherty Brand.
