The Fashion retailer, Express has announced Yehuda Shmidman will join the Company’s Board of Directors, as a Class II director. The news comes after the completion of the previously announced Express, Inc. and WHP Global will enter into mutually transformative strategic partnership.
Mr.Shmidman is the co-Founder, Chairman & Chief Executive Officer of WHP Global. He is a seasoned executive in the brand management industry, having successfully invested over $3 billion of capital to acquire, grow and monetize global consumer brands.
“I am pleased to welcome Yehuda to the Express, Inc. Board of Directors and expect that his extensive experience in brand management will be of great value to our Company,” said Mylle H. Mangum, Chairman of the Board.
Mr. Shmidman has two decades of experience across multiple consumer segments including fashion, hard goods, toys, home, wellness, media, celebrity, sports and electronics, with direct leadership over dozens of well-known brands including…
Toys“R”Us, Anne Klein, Martha Stewart and Peanuts. He is a board member and executive committee member of the Fashion Scholarship Fund, and a board observer of Toys“R”Us ANZ.
The mutually transformative strategic partnership advances the Company’s omnichannel platform which is expected to drive accelerated, long-term growth through the acquisition and operation of a portfolio of brands.
EXPR and WHP have also formed an intellectual property joint venture (the “IP JV”) intended to scale the Express brand through new domestic category licensing and international expansion opportunities.
“As our team continues its strong focus on returning the core Express business to growth and profitability and advancing our EXPRESSway Forward strategy, our partnership with WHP Global will allow us to achieve greater scale through non-core domestic licensing opportunities and international expansion,” said Tim Baxter, Chief Executive Officer…
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