Tuesday, June 30, 2015

Urban Outfitters to acquire Nasty Gal?

Is Navy Yard-based company Urban Outfitters eyeing e-retailer Nasty Gal?

Urban Outfitters to acquire Nasty Gal?

Screen grab from the Nasty Gal website.
Screen grab from the Nasty Gal website.

Could it be true? Is Navy Yard-based company Urban Outfitters eyeing e-retailer Nasty Gal?

In a profile with the New York Times published Sunday, Nasty Gal founder Sophia Amoruso mentioned in passing that she is currently entertaining the possibility.

Bigger competitors are taking notes. Urban Outfitters recently contacted Ms. Amoruso about a potential acquisition, according to people briefed on the discussions. Asked about that, Ms. Amoruso said only, “We’re talking.”

What started in 2006 as an eBay page for Amoruso has grown into a lucrative opportunity for the 28-year-old community college dropout. In 2012 alone, Nasty Gal made a profit of $100 million and raised approximately $50 million from Index Ventures. Last month, the e-retailer landed on Fast Company's list of the 50 most innovative companies under the fashion and beauty category, alongside Modcloth, Birchbox and Snapette.

We've reached out to Urban Outfitters for comments related to the potential acquisition. More to come.

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog
Consider us the authority on all things related to fashion, beauty, retail and design in Philadelphia.

Esther Lee Philly.com
Latest Videos:
Also on Philly.com
letter icon Newsletter