In a recent interview with Women’s Wear Daily (WWD), Baird Managing Director and Investment Banker Matthew Tingler shared his expectations for deal interest in the apparel sector to remain strong in 2019. Tingler explains:
“The alternatives for the cash that’s on the balance sheets are dividends and share buybacks. Most corporations don’t do these because they’re not tax efficient. Buying other brands, for the more mature firms, can create synergies. It’s also more attractive because the younger brands have higher growth rates that can help those companies,” Tingler said.
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