Home / Knowledge / News / Apparel/Garments / Fashion Fund I successfully divests Secon Group
Fashion Fund I successfully divests Secon Group
13
Dec '10
Fashion Fund I, a private equity fund focusing on investments in the apparel and accessories segments of the European fashion industry, announces divestiture of its first investment, the Secon Group. Financial details of the transactions are not disclosed.

The Fund acquired Secon Group at its inception in the summer of 2006. In 2009 due to the credit crisis and resulting difficult trading conditions, the management of the Fund and Secon Group conducted a thorough evaluation of strategic alternatives. It was decided to execute a divestiture strategy for the various brands of the Secon Group with the goal of optimizing shareholder value. As per plan, the management of the Fund and Secon Group has successfully divested all the Secon brands.

Turnover, a modern stylish woman's wear brand, has been successfully sold to Veldhoven Group. Netherlands based Veldhoven Group, is a recognized multi brand fashion company with a portfolio of brands addressing different segments of the market. The Veldhoven Group has worldwide distribution and more than 1200 employees.

Creenstone, a trend setting woman's outerwear brand, has been successfully sold to the Netherlands based Luxor, which is run by a young entrepreneur Robbert Hawinkels. Luxor also owns Shiwi, a stylish and functional beachwear brand.

Arrow, an authentic American brand, has been taken over by Phillips-Van Heusen Corporation's European operation, Tommy Hilfiger. Phillips-Van Heusen Corporation, one of the world's largest multi brand apparel companies, owns and markets amongst others the iconic Calvin Klein and Tommy Hilfiger brands worldwide.

The brand rights of Another Woman and A-rticles have also been successfully disposed.

This brings to a close the divestiture strategy of Secon.

The Fund will focus on the continued expansion of its other investments. Vilebrequin, the iconic French luxury resort-wear brand, continues to expand its product offer and its global distribution with a significant thrust into Asia. BNS Partners, the multi brand distribution conglomerate in Russia and Ukraine, has reported significant growth even during the current turbulent economic times in the region. The company plans to accelerate its store opening program in 2011 and is actively looking for new brands to enhance its portfolio.

Fashion Fund I is a private equity fund focusing on majority investments in mid to later stage companies that are active in the apparel and/or accessories segments of the European fashion industry. The Fund has around €90 million under management and is based in Voorschoten, the Netherlands.

Fashion Fund I B.V.


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kevin Nelson
TissueGen

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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