Home / Knowledge / News / Apparel/Garments / The Gores Group invests in Big Strike
The Gores Group invests in Big Strike
03
Jun '11
The Gores Group, a leading Los Angeles based private equity firm, announced that it has made an investment in Big Strike, Inc. Financial terms of the transaction were not disclosed.

Big Strike, which is based in Gardena, California, designs and manufactures casual and career junior lifestyle apparel for women. The company's products are marketed under the Heart Soul, Soulmates, Free to Love, Halo and the recently acquired Tracy Evans brands (Tracy Evans, Star City and First Option). These labels are currently sold through major channels such as Kohl's, JC Penney, Dillards and many others.

Lars Viklund, President of Big Strike, said, “The Gores Group is an ideal partner to help take Big Strike to the next level. They have incredible strategic and operational capabilities, with access to an abundance of capital that can be used to support our anticipated growth. Together we will take advantages of the opportunities we see in our marketplace, and build the necessary infrastructure to capitalize on our full potential.”

“Big Strike is a great company, with terrific product lines, and strong relationships with many of the best retailers in the industry. We look forward to partnering with Big Strike's current management team, and founders, Lars Viklund, Jodi Sundberg, and Kevin Talbot, to realize the full potential of the business,” said Jeff Schwartz, Managing Director of The Gores Group. “The acquisition of Big Strike demonstrates our commitment to the consumer and retail space, where we see many potential opportunities.”
Big Strike also announced that Paula Schneider has been appointed as Chief Executive Officer to work alongside the current senior management team and the founders to aid them as they continue to grow the business. Schneider is an industry veteran whose prior roles include President of Warnaco's Swimwear brands including Speedo, President of Laundry by Shelli Segal, a former division of Liz Claiborne, and President of Sales at BCBG Max Azria.

Big Strike was advised by The Sage Group LLC.

Big Strike, Inc is a leading designer, manufacturer and wholesaler of casual and career junior lifestyle apparel for women, marketed under the Heart Soul, Soulmates, Free to Love, Halo, Tracy Evans, Star City, and First Option brands. Big Strike, Inc. is headquartered in Gardena, CA.

The Gores Group

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Anshul Sood
Oceedee

Shawn Honeycutt
Bolger & O'Hearn

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search