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Lion Capital to buy majority stake in John Varvatos
09 Mar '12
4 min read
John Varvatos noted: “I couldn't be more excited about this new chapter in the John Varvatos brand. It's been an amazing ride with VF Corporation, and they have been terrific business partners. Eric Wiseman is one of the best leaders I have ever worked with and he has been a wonderful, supportive friend. With Lion Capital we will be aggressively growing our company-owned retail stores, both domestically and on a global basis.”
”They understand the brand and are deeply committed to expand the menswear platform that we have created into additional product categories. Lion's proven track record with brands such as Jimmy Choo expresses the vision of Lyndon Lea and his team.”
The company will continue to operate as John Varvatos Enterprises, Inc., headquartered in New York City. Varvatos will maintain his role as Chairman and Chief Creative Officer. The company does not expect any impact to jobs or changes in the day-to-day operations of the business.
VF Corporation is a global leader in branded lifestyle apparel with more than 30 brands. The company's top six brands are The North Face, Wrangler, Timberland, Vans, Lee andNautica; other brands include 7 For All Mankind, Eagle Creek, Eastpak, Ella Moss, JanSport, John Varvatos, Kipling, lucy, Majestic, Napapijri, Red Kap, Reef, Riders ,Splendid and Smartwool.
Lion Capital is recognised as a leading investor in the consumer sector. With offices in London andNew York, the firm's principals have led the investment of €6 billion of equity capital in consumer businesses across Europe and North America totalling over €19 billion of enterprise value.
”They understand the brand and are deeply committed to expand the menswear platform that we have created into additional product categories. Lion's proven track record with brands such as Jimmy Choo expresses the vision of Lyndon Lea and his team.”
The company will continue to operate as John Varvatos Enterprises, Inc., headquartered in New York City. Varvatos will maintain his role as Chairman and Chief Creative Officer. The company does not expect any impact to jobs or changes in the day-to-day operations of the business.
VF Corporation is a global leader in branded lifestyle apparel with more than 30 brands. The company's top six brands are The North Face, Wrangler, Timberland, Vans, Lee andNautica; other brands include 7 For All Mankind, Eagle Creek, Eastpak, Ella Moss, JanSport, John Varvatos, Kipling, lucy, Majestic, Napapijri, Red Kap, Reef, Riders ,Splendid and Smartwool.
Lion Capital is recognised as a leading investor in the consumer sector. With offices in London andNew York, the firm's principals have led the investment of €6 billion of equity capital in consumer businesses across Europe and North America totalling over €19 billion of enterprise value.
VF Corporation
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