Reference: Strategic Management and Competitive Advantage Chapter 3 Case 1-2: True Religion Jeans: Will Going Private Help It Regain Its Congregation? Edition: 5th Year: 2014 ISBN: 978-0133127409
In this case, the True Religion Board of Directors had just accepted an $835 Million takeover bid from private equity investment firm, TowerBrook Capital Partners.
In what phase is the current industry life cycle?
Explain why you believe this is so. Use data from the case to justify your answer.