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Daily Journal: Global Icons

April 02, 2019

O’Melveny advised Global Icons, a brand-licensing firm, in its acquisition of Fred Segal LLC, a Los Angeles-based retail store. Partner Sean Monroe led the team and was assisted by associate Jennifer Marr.

Terms of the deal were not disclosed, but Global Icons LLC will acquire a majority ownership of the LA retailer.

"I was drawn to Fred Segal because despite the industry decline in brick-and-mortar, Fred Segal SUNSET remains exciting and is thriving," Jeff Lotman, chairman of Global Icons, said in a statement. "I'm committed to preserving the history and integrity of the company while continuing to evolve the dynamic Fred Segal brand and experience."