Apparently the modeling business is not suffering even though others in the fashion business -- most notably retailers -- are. As evidence, look no further than Wilhelmina Models, which is planning an IPO, according to the Frankfurter Allgemeine Zeitunga.
Continue reading below
Wilhelmina chairman Horst-Dieter Esch apparently told the German
newspaper that a formal announcement would be made within two weeks,
according to a Reuters report. Esch and Brad Krassner own the company, which reportedly had sales of $60 million in 2007.
The company plans to use the offering to expand and acquire other agencies.
Wilhelmina Models was founded in 1967 by supermodel Wilhelmina Cooper,
according to NewsReview.com. -
Maria WoehrSee story from Reuters
