True Religion preps for sale process, in test for apparel appetite
- Emily Fasold
- +Bill Weisbrod
True Religion, the apparel business known for its denim products, has retained RW Baird to advise on an upcoming sale process, according to 9fin sources.
The company, which filed for bankruptcy in 2020 — for the second time in three years — has made a strong comeback in recent quarters. It is expects to generate around $70m in EBITDA on $250m in revenue this year, according to a source close to the situation.