Home / Knowledge / News / Apparel/Garments / Private equity firm acquires fashion retailer Dots
Private equity firm acquires fashion retailer Dots
05
Jan '11
Irving Place Capital, a leading middle-market private equity firm, announced that it acquired Dots LLC, a fast fashion women's apparel and accessory retail company. The transaction closed on January 3, 2011. Terms of the transaction were not disclosed.

Dots is a specialty retail company offering women the newest fashion trends at affordable prices. Founded in 1987, Dots has grown into a national retail chain with more than 400 stores in 26 states, primarily in the Midwest, East and Southeast. Dots caters to women ages 25 to 35 who are passionate about wearing the latest fashion trends available at exceptional prices.

Bob Glick, Dots' Founder and outgoing Chief Executive Officer, said, “This acquisition is a wonderful opportunity for Dots to capitalize on its brand and accelerate its growth through its partnership with IPC, one of the most successful investors in specialty apparel retail. IPC's investment in Dots is a clear endorsement of the Company and its associates. Rick Bunka's leadership will provide continuity for Dots associates.”

Rick Bunka, former President and newly appointed Chief Executive Officer of Dots, said, “With the strength of the Dots brand and the investments we have made in our teams, stores and infrastructure, we are excited about the significant growth opportunities we see ahead. We are confident that Irving Place Capital's investment and expertise in growing retail companies into nationally recognized brands will help us achieve our goal of delivering affordable fashion to more customers than ever before.”

Retail and consumer products investments are a key focus and strength for IPC. The firm's notable retail and consumer products investments have included Aéropostale, New York & Company, The Vitamin Shoppe, Seven for All Mankind, and Stuart Weitzman.

“Historically some of IPC's most successful investments have been in high-growth specialty retailing companies,” said John Howard, CEO of IPC. “We are looking forward to working with Dots' management team to grow the business and drive incremental value. With a strong position in the affordable apparel segment, a loyal existing customer base, and a committed management team, Dots represents a compelling investment opportunity.”

Bank of America Merrill Lynch acted as exclusive financial advisor to Dots, and Baker & Hostetler LLP acted as Dots' legal counsel in connection with the transaction. Kirkland & Ellis LLP provided legal counsel to IPC. KeyBank, which has had a relationship with Dots for over 20 years, provided the senior financing for the transaction.

Irving Place Capital


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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