Home / Knowledge / News / Apparel/Garments / Topson Downs acquires majority stake of Rachel Roy brand
Topson Downs acquires majority stake of Rachel Roy brand
21
Jul '14
Topson Downs announced that it has purchased a majority share of the Rachel Roy brand from The Jones Group. Under the terms of the agreement, Topson Downs, a privately-held apparel and manufacturing company, will form a partnership with Ms. Roy to develop, market and license the New York-based fashion brand. In the agreement Ms. Roy will retain 100 percent creative control of her name.
 
Rachel Roy said, "I'm thrilled to be working with Topson Downs in this next stage of the Rachel Roy legacy. My partners and I share a vision on how to nurture and grow a brand through strategic investment to position it for great success and longevity. Topson Downs commitment to excellence in manufacturing, retail partnerships, the end-consumer and, above all, the people they employ make them the perfect partner to take the brand to the next level."  
 
Topson Downs will assume all operations from The Jones Group, which was recently acquired by Sycamore Partners. Plans include the re-set of the Rachel Roy designer brand and category expansion of the contemporary RACHEL Rachel Roy collection.
 
Daniel Abramovitch, partner at Topson Downs said, "We see a white space in the market and believe Rachel's aesthetic and vision has room to grow and flourish. We are excited to continue to grow our exclusive partnership with Macy's with the RACHEL Rachel Roy brand and engage in a more omni-channel approach. This brand has endless possibilities."
 
Denise Johnston has been named president of Rachel Roy and RACHEL Rachel Roy. Ms. Johnston will oversee all aspects of the lines, including growth and future licensing opportunities. She has over 25 years experience running iconic companies such as Liz Claiborne, Emma James, Jack Rogers and GAP Adult North America. Her extensive background in both wholesale and retail has been cultivated from early management positions at Macy's, Neiman Marcus and Dayton Hudson.
 
Denise Johnston said, "This is a wonderful opportunity to build upon an already established fashion brand and see it to its fullest potential. Rachel remains chief creative officer and will continue to spearhead the brand's vision. She has built an incredible team over the years and we're very excited that the majority of them are coming over to participate in the expansion of the company. Our job is to support Rachel and her team in every way possible, from finding the right retail partners, to opening stores, to expanding into other categories. We see great promise in making Rachel Roy a true player in the global arena."
 

Topson Downs


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search