Theory (clothing Retailer) - Theory Fashion
In 1997, Andrew Rosen, former CEO of Anne Klein as well as a Calvin Klein exclusive, inaugurated Theory in New York City as a females' collection, through a focus on comfy stretch slacks. The collection accomplished well as well as a men's line was ultimately presentated in 1999. Rosen initially co-founded Theory LLC through the designer Elie Tahari.
In Sep 2003, Link Worldwide bought a 89% stake into the Theory firm for $ 100 million, afterward Japanese huge fabric firm Fast Trading Co. of Tokyo - founded in 1963 as well as proprietor of the prevalent Uniqlo brand - had attained a 47.1% pole in Link. Tahari was allocated $53 mio of the sale as well as had no share in the new firm which was retitled Theory Holding. The contract was clarified through the detail that the label was toward become an actually "worldwide brand". The Japanese parental firm has since then transacted underneath the name of Link Theory Holdings as well as went community in 2005. Fast Retailing had thought a 32.32% stake into LTH since 2004 as well as, in spring 2009, afterward obtaining the remaining stock, LTH converted a completely possessed secondary of Fast Retailing.
Theory's proprietor, Link Theory Holdings (LTH), bought style house Helmut Lang from Prada as well as German style label Rosner in 2005. Rosner's European manufacture and delivery network was toward help increase the Theory label in the European marketplace over the subsequent few years. However, in the end of 2008, Link Theory traded Rosner toward a German private impartiality firm reasoning that LTH was toward enter the European marketplace by means of their possess European firms.
Theory Brand women's clothing is Link Theory's basic brand. Other brands comprise Proof, PLS+T, Helmut Lang, as well as footwear label Jean-Michel Cazabat. For the Japanese marketplace, élite sub-labels of the Theory brand, for example 'Theory men', 'Theory petit' 'Theory luxe', have been shaped. Link Theory is HQ in Aoyama, Tokyo.
In America, Theory has boutique in Atlanta, Aventura, Aspen, Boca Raton, East Hampton, Costa Mesa, Greenwich, New York City, Los Angeles, Philadelphia, as well as San Francisco. The Theory tag's headquarters plus design workplaces are situated in New York City's Meatpacking Region, at 38 Gansevoort Street. The construction furthermore houses Theory flagship store.
Into 2006, Tahari sued his previous partner Rosen (in addition to Link Theory Holdings as well as Mr. Sasaki) for having advised Tahari toward sell Theory at a value below its worth to Japanese in 2003, looking for damages as well as a share in the profits from the firm's IPO in surplus of $180 million. Rosen had furthermore said that he will retire from the company inside a year from the auction when, in fact, afterward Tahari's parting, he remained on as the newly-established firm's president. Link Theory named Tahari's protest "frivolous entitlements", Rosen branded it "seller's regret" as well as the case was far along dismissed through a New York judge, even rejecting Tahari's entitlement for unpaid royals through Theory's then Asian tenant, Link International.