Home / Knowledge / News / Apparel/Garments / Castanea invests in Astor & Black Custom Clothiers
Castanea invests in Astor & Black Custom Clothiers
15
Mar '11
Castanea Partners announced that it has invested in Astor & Black Custom Clothiers. Founded in 2004 by David Schottenstein, the company is a premier provider of custom clothing.

“Astor & Black is an exciting investment opportunity for us,” said Robert Smith, Managing Partner of Castanea. “David and his team have done a terrific job of building a business that offers customers an unmatched value proposition by delivering superior customer service and product quality at attractive price-points. We are excited to partner with David and continue to find new ways to enhance the customer experience.”

“The business has significant wind at its back as the apparel market continues to see a rapid trend towards customization,” noted Troy Stanfield, Partner for Castanea. “There is a meaningful opportunity to accelerate growth by implementing digital strategies that heighten the customer's experience and convey the Astor & Black value proposition to potential customers.”

Astor & Black has established itself as a differentiated and progressive brand of clothing, known for its high quality, exquisite tailoring and cutting-edge design. Astor & Black appeals to a broad base of professionals and counts numerous high profile athletes, businessmen and celebrities amongst its client base. The brand's product line includes men's suits, shirts, and casual apparel. Headquartered in Columbus, Ohio, the company markets its products online at astorandblack.com and through its professional clothiers, who visit customers directly at their homes or offices for custom fittings.

David Schottenstein will continue to lead the business following the transaction and will retain a significant equity interest in the company.

“Castanea's extensive experience in working with entrepreneurs to build successful businesses coupled with their deep understanding of the high-end apparel business made them the logical partner for the business,” said David Schottenstein. “Castanea has a solid understanding of our customer and how we can best position the business for future growth.”

Terms of the transaction were not disclosed.

Castanea Partners


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
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


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