True Religion may be bought by another company, but don’t throw away your jeans just yet
True Religion, the makers of high-end, hip-hugging denim that has made its way into rap lyrics and department stores alike recently revealed that it is thinking about “exploring strategic options,” which in layman’s terms means that they are considering putting the brand up for sale. The announcement was made on Wednesday, October 10 in the form of a press release.
According to sources, True Religion implemented the help of Guggenheim Securities and law firm Greenberg Traurig as financial advisers. The New York Times also reported that the denim label received many offers from other businesses interested in acquiring the company.
True Religion was established 10 years ago and was one of the first makers of chic, torn jeans that looked worn but were anything but. Many of their items sold in stores across the United States and online cost more than $300.
However, the market for pricey jeans has become much more narrow as fashionistas know that they can still look good without spending hundreds of dollars on a pair of pants. The company’s stock have fallen almost 40 percent this year to just $21 a share.
If you have a pair of True Religion denim, don’t worry, there’s no need to get rid of them simply because they may be bought by another company. In fact, this denim looks incredible with high heels such as Gucci’s black patent leather pumps for women or Jimmy Choo’s black leather pumps sold by designer discount retailer Dellamoda.com.
No matter your height, you can rest assured that the combination of your ultra-stylish jeans and high-end shoes are going to make a statement whether you’re out with your girlfriends or at happy hour.
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