Home / Knowledge / News / Fashion / GB Merchant invests in Quebec-based Como Fred David
GB Merchant invests in Quebec-based Como Fred David
01
Apr '08
GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, in partnership with Crystal Capital, announced that it acquired Como Fred David, a leading designer, manufacturer and distributor of private label and branded women's tops.

As part of the transaction, Como's principals, Paul Ostrov, Co-President and Chief Executive Officer, and Andy Kirstein, Co-President and Chief Merchandising Officer, will retain a significant ownership stake in the new company, and will continue to oversee its growth and expansion along with its existing, seasoned management team.

"As we continue to expand our product offerings and strive to be the best source of fashionable apparel to our retail partners, we needed a partner that had a comprehensive understanding of both the retail and financial markets," stated Paul Ostrov.

"GB Merchant Partners is uniquely situated to deliver on both fronts and we look forward to working closely with them to facilitate our next wave of growth."

Headquartered in Montreal, Quebec, Como is a leading designer, manufacturer and distributor of private label and branded women's apparel, primarily fashionable blouses, shirts and sweaters to leading retailers in the United States and Canada.

"We are very excited about our investment in Como. Paul and Andy have built a great team that places product quality and customer satisfaction at the core of everything they do.

This is evident as theycontinue to build their business in the challenging retail and economic environment," said Matthew Kahn, Managing Director, GB Merchant Partners.

Kahn added that the team at GB Merchant Partners is looking forward to working with Ostrov and Kirstein and their entire management team to assist the Company in expanding its product offering and pursuing a shared vision for the Company. The debt financing for the transaction was provided by CIT Commercial Services.

Gordon Brothers Group


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

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

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