Express Inc. is bringing in a partner to grow worldwide and fuel future acquisitions.
The Columbus-based retailer Thursday announced a strategic partnership with New York-based WHP Global that includes an infusion of capital into the business and the creation of a $400 million joint venture to license the brand internationally.
WHP will invest $260 million total, including $235 million for a 60% stake in the joint venture. Express (NYSE: EXPR) will have a 40% stake in that entity. WHP also is…
