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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search