Medical-Apparel Maker Figs Turns Down Story3 Offer

RetailPrivate Equity
Written By Rick Watson

Figs is a direct-to-consumer healthcare-apparel maker known for its scrubs.

Healthcare apparel maker Figs has turned down Story3 Capital Partners' takeover offer to acquire all outstanding common shares at $6 a share for the Figs shares that it doesn’t already own which would value the company at over $1 billion. The company rejected the offer and is confident standalone plan and prospects according to a Securities and Exchange Commission filing. Figs is another company that boomed during the pandemic and is now under pressure generate profits and revenue.

WSJ: Medical-Apparel Maker Figs Turns Down Private-Equity Acquisition Offer

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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