Home / Knowledge / News / Apparel/Garments / Fashion Fund I successfully divests Secon Group
Fashion Fund I successfully divests Secon Group
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

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

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

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search