Latest news with #WHP
Fashion Network
27-06-2025
- Business
- Fashion Network
Vera Wang in major Batra deal for new contemporary RTW in UK, Europe
Vera Wang owner WHP Global has announced a new license deal with the Batra Group to launch an 'advanced contemporary ready-to-wear collection' for women, followed by a men's line, under the Vera Wang brand across the UK and Europe. New York-based brand management firm WHP said it's the first major licensing deal since it acquired Vera Wang earlier this year 'This is an entirely new experience for Vera Wang as we have never before offered product at this price point, for this segment of the market, and at this level of geographical penetration,' said Wang herself. 'I look forward to partnering with Batra Group in creating a collection of specific pieces that reflect my love for wardrobing with a sophisticated, nonchalant and versatile attitude, one that resonates across all age groups, cultures and borders.' Batra was founded in India and now has operations across the subcontinent, the UK, Europe, North Africa, and the Middle East. The Vera Wang deal is via its new luxury division that's based in London and that will oversee the development, production, and distribution of the RTW collection. It has plans to launch across premium retail partners, speciality boutiques, and dedicated Vera Wang flagship locations throughout the region. WHP founder and chairman Yehuda Shmidman said he sees the partnership with Batra as an 'integral step' in the global expansion of Vera Wang — 'one of three core pillars in our long-term growth strategy for the brand. This strategy includes geographic expansion, media initiatives, and the introduction of hospitality projects — all centred around the powerful brand that Vera Wang built'. Batra Group manages a portfolio of more than 25 brands, collaborates with over 400 partners, and its products are available via more than 5,000 retail doors. Its brand portfolio includes Reebok, Fila, Juicy Couture, Russell Athletic, Hunter Boots, Hi-Tec, Hoodrich, Pony, Sergio Tacchini and Dirty London.
Fashion Network
27-06-2025
- Business
- Fashion Network
Vera Wang in major Batra deal for new contemporary RTW in UK, Europe
owner WHP Global has announced a new license deal with the Batra Group to launch an 'advanced contemporary ready-to-wear collection' for women, followed by a men's line, under the Vera Wang brand across the UK and Europe. New York-based brand management firm WHP said it's the first major licensing deal since it acquired Vera Wang earlier this year 'This is an entirely new experience for Vera Wang as we have never before offered product at this price point, for this segment of the market, and at this level of geographical penetration,' said Wang herself. 'I look forward to partnering with Batra Group in creating a collection of specific pieces that reflect my love for wardrobing with a sophisticated, nonchalant and versatile attitude, one that resonates across all age groups, cultures and borders.' Batra was founded in India and now has operations across the subcontinent, the UK, Europe, North Africa, and the Middle East. The Vera Wang deal is via its new luxury division that's based in London and that will oversee the development, production, and distribution of the RTW collection. It has plans to launch across premium retail partners, speciality boutiques, and dedicated Vera Wang flagship locations throughout the region. WHP founder and chairman Yehuda Shmidman said he sees the partnership with Batra as an 'integral step' in the global expansion of Vera Wang — 'one of three core pillars in our long-term growth strategy for the brand. This strategy includes geographic expansion, media initiatives, and the introduction of hospitality projects — all centred around the powerful brand that Vera Wang built'. Batra Group manages a portfolio of more than 25 brands, collaborates with over 400 partners, and its products are available via more than 5,000 retail doors. Its brand portfolio includes Reebok, Fila, Juicy Couture, Russell Athletic, Hunter Boots, Hi-Tec, Hoodrich, Pony, Sergio Tacchini and Dirty London.
Fashion Network
27-06-2025
- Business
- Fashion Network
Vera Wang in major Batra deal for new contemporary RTW in UK, Europe
Vera Wang owner WHP Global has announced a new license deal with the Batra Group to launch an 'advanced contemporary ready-to-wear collection' for women, followed by a men's line, under the Vera Wang brand across the UK and Europe. New York-based brand management firm WHP said it's the first major licensing deal since it acquired Vera Wang earlier this year 'This is an entirely new experience for Vera Wang as we have never before offered product at this price point, for this segment of the market, and at this level of geographical penetration,' said Wang herself. 'I look forward to partnering with Batra Group in creating a collection of specific pieces that reflect my love for wardrobing with a sophisticated, nonchalant and versatile attitude, one that resonates across all age groups, cultures and borders.' Batra was founded in India and now has operations across the subcontinent, the UK, Europe, North Africa, and the Middle East. The Vera Wang deal is via its new luxury division that's based in London and that will oversee the development, production, and distribution of the RTW collection. It has plans to launch across premium retail partners, speciality boutiques, and dedicated Vera Wang flagship locations throughout the region. WHP founder and chairman Yehuda Shmidman said he sees the partnership with Batra as an 'integral step' in the global expansion of Vera Wang — 'one of three core pillars in our long-term growth strategy for the brand. This strategy includes geographic expansion, media initiatives, and the introduction of hospitality projects — all centred around the powerful brand that Vera Wang built'. Batra Group manages a portfolio of more than 25 brands, collaborates with over 400 partners, and its products are available via more than 5,000 retail doors. Its brand portfolio includes Reebok, Fila, Juicy Couture, Russell Athletic, Hunter Boots, Hi-Tec, Hoodrich, Pony, Sergio Tacchini and Dirty London.
Yahoo
06-05-2025
- Business
- Yahoo
BW Energy makes FID on the Maromba field offshore Brazil
BW Energy has announced the final investment decision (FID) for the Maromba field development offshore Brazil, aiming to tap into an estimated 500 million barrels (mbbl) of oil. The project, with a capex-efficient approach, is expected to significantly boost BW Energy's net production by 2028. The Maromba field development will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) unit, BW Maromba. The initial phase involves six production wells, with a second drilling campaign planned to maximise field infrastructure. The total investment is projected to be around $1.5bn, with $1.2bn allocated for the initial development and an additional $300m for the secondary drilling campaign. BW Energy CEO Carl K. Arnet said: 'We have spent time on optimising the Maromba development plan and concluded on a highly competitive concept with a repurposed jack-up platform and FPSO, repeating the approach we very successfully applied in Gabon. 'Maromba will enable BW Energy to deliver industry-leading organic production growth and position the company for further low-cost developments of known potential developments. We expect to unlock significant shareholder value in all realistic oil price scenarios.' The WHP, a converted drilling jack-up, will be installed at a depth of approximately 150m and equipped with up to 16 well slots. The FPSO Maromba, with a storage capacity of 1mbbl, is currently undergoing refurbishment at the COSCO yard in China. BW Energy has committed $107.5m to acquire a jack-up rig for conversion into the WHP. BW Energy anticipates investing $1bn before first oil, with an additional $200m for the initial drilling campaign, followed by $300m for the secondary six-well campaign. The company expects the Maromba field to achieve production costs of less than $10 per barrel (bbl) over the first five years, with an internal rate of return exceeding 30% at $60/bbl Brent crude. Financing for the development will come from existing cash, undrawn facilities, operations cash flow and infrastructure financing solutions for the FPSO and WHP. BW Energy is also exploring various financing alternatives including corporate facilities and potential bond issuance. A $250m shareholder loan facility from main shareholder BW Group has been secured. Maromba, located in the Campos Basin, has seen nine wells drilled between 1980 and 2006, with oil discoveries in eight. The project targets 123 million barrels of 2P (proved plus probable) reserves, with additional resources expected from other reservoirs.
Yahoo
30-04-2025
- Business
- Yahoo
Pekin City Council buying farmland to develop a technology park
PEKIN Ill. (WMBD) — The city of Pekin is working on another huge business project, bringing hundreds of jobs to the area. At Monday night's city council meeting, members approved an agreement with a New York-based company that plans to develop a technology park on the Lutticken Farms land. In order to do that, the council also had to approve a $12.5 million loan to complete the purchase of the Lutticken Farm. The city will then sell 320 acres of that land to the company WHP, LLC for $4.5 million. The new technology park will be a campus-like setting for data centers. The deal will bring an estimated $20 million annually in property tax revenue. The city also wants to talk with the company about offering Tax Increment Financing or T.I.F. dollars to help pay for the project. Josh Wray, The City's economic development director, said the technology park will bring in hundreds of jobs. 'It's going to be a strong economic driver for the city,' Wray said. 'This development on the jobs front, conservatively, I would say upon full development, it will be somewhere in the neighborhood of 100 to 150 jobs. Those jobs tend to be very well-paying. It's maintenance electricians, it's engineers, it's system administrators, network administrators.' The city is buying the over one-thousand acre farm land to ultimately build a new pathway from Veterans Parkway to Interstate 74. That will only take up about 50 acres of the land. The city plans to sell the rest of the land to developers, like WHP. Wray said Pekin is becoming a hot spot for new businesses and development. 'Pekin is all of a sudden a real hot spot for development.' he said. 'I go to a conference, or I go to some other type of meeting and everybody's talking about the big projects that are going on right now. And it's just a testament to our ability, both the city council and the staff and ultimately the community, our ability to say yes to things.' WHP plans to develop the technology park over the course of five to six years. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
