Home / Knowledge / News / Apparel/Garments / Lion Capital to buy majority stake in John Varvatos
Lion Capital to buy majority stake in John Varvatos
09
Mar '12
The owners of John Varvatos Enterprises Inc., VF Sportswear, Inc., a subsidiary of VF Corporation and John Varvatos announced that they have signed a definitive agreement to sell the majority ownership interest in the company to Lion Capital LLP, with Mr. Varvatos retaining an ownership position. The transaction, which is subject to normal closing conditions, is expected to be completed during the second quarter of 2012. Terms were not disclosed.

John Varvatos launched his namesake brand in 2000 with a collection of tailored clothing and sportswear and it now represents an entire men's lifestyle collection that includes footwear, bags, belts, eyewear, limited edition watches and men's fragrances, as well as the younger, edgier John Varvatos Star U.S.A. Collection and Converse by John Varvatos.

The collection is distributed in 10 freestanding John Varvatos boutiques across the United States and online, as well as in the best specialty stores and better department stores throughout the world including Barneys New York, Neiman Marcus, Nordstrom Inc., Bloomingdale's Inc., Holt Renfrew, Harry Rosen Inc., andHarvey Nichols.
The designer has been recognized three times by the CFDA with an American Fashion Award for New Menswear Designer (June 2000) and as Menswear Designer of the Year (June 2001 and June 2005) and was honored as GQ's “Designer of the Year” in 2007.

The creative spirit and edginess intrinsic in the personal style of rock 'n' roll icons has inspired Varvatos and influenced the evolution of his eclectic sensibility. This can be seen as a unifying theme in his design and it is deeply ingrained in every expression of his brand, including his famed 315 Bowery boutique in New York City, formerly the seminal underground music club CBGB, where Varvatos pays tribute to the musical heritage of this legendary site.

With this unique brand position that unites a rock 'n' roll sensibility and old world craftsmanship with modern innovation, Varvatos has become one of the most well-known menswear designers in the world.

“It was important to us that the John Varvatosbrand's new partner had the experience to continue to support John's exceptional vision and the brand's growth potential,” said Eric Wiseman, Chairman, President and Chief Executive Officer of VF Corporation. “We are pleased to place this great brand in such good hands.” Wiseman noted that the John Varvatos brand was added to VF Corporation's portfolio in conjunction with its 2003 acquisition of the Nautica brand.

Lyndon Lea, Partner of Lion Capital, said “Behind John's unique style and uncompromising vision, the John Varvatos brand has become one of the most exciting brands to enter the men's luxury apparel landscape in the past dozen years.”

“With a loyal and rapidly growing customer base, the brand is well positioned for future growth across multiple product lines and distribution channels both in the United States and internationally. We look forward to unlocking the substantial potential that we see within the brand over the next several years.”


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search