Home / Knowledge / News / Apparel/Garments / Nogales invests in children's apparel retailer Naartjie
Nogales invests in children's apparel retailer Naartjie
19
Aug '08
Nogales Investors, a Los Angeles-based private equity firm, has announced a $15 million equity investment in Naartjie Custom Kids Inc, a branded retailer for children's clothing. The investment will enable the company to significantly expand their store base throughout the United States as well as their e-commerce business.

Naartjie primarily focuses on designing, manufacturing and selling high-quality children's clothing at competitive prices. The retailer designs and introduces 11 new, fashion-forward collections each year, ensuring their clothes are always kid-friendly. The Naartjie brand is a successful synthesis of several design elements that make it distinctive, inspirational and very popular.

Headquartered in Salt Lake City, Naartjie was founded nearly 20 years ago in Cape Town, South Africa, by designer Anne Eales. The worldwide rights to the brand were purchased in 2001 and over the past few years, the company has experienced significant growth. The children's retailer now boasts 21 stores in the Western United States and an additional 14 stores throughout South Africa.

The company is led by Joe Franceschi, CEO; Laura Diaz, Chief Merchant; and Anne Eales, Chief Designer. Previously, Franceschi was COO of Greenbacks, Inc., where he helped expand the company's retail portfolio from 15 to 100 stores. Diaz brings years of experience as a former merchant for the Gap and Mervyn's.

Luis Nogales, Managing Partner of Nogales Investors, said, “The current conditions in the retail market have created an enormous opportunity for Naartjie. Vacancy rates in high end shopping centers have increased as more retailers downsize and face bankruptcies, making it an opportune time for well-capitalized retailers like Naartjie to expand.”

Naartjie fits well with the business strategy of Nogales Investors Fund II, which is designed to make investments ranging from $10 million to $40 million in high-growth middle market companies.

The company's highly differentiated and cost competitive merchandising strategy along with its proven ability to open and operate profitable locations in the United States made it an attractive investment opportunity. The current management team also has substantial experience in children's apparel and previous success in executing store expansion strategies.

Nogales Investors Management LLC


Must ReadView All

ASEAN ministers sign agreement on e-commerce

Apparel/Garments | On 17th Nov 2018

ASEAN ministers sign agreement on e-commerce

Member countries of the Association of Southeast Asian Nations...

UK Govt, fashion retailers sign agreement to fight slavery

Fashion | On 17th Nov 2018

UK Govt, fashion retailers sign agreement to fight slavery

John Lewis, M&S, New Look, NEXT, River Island and Shop Direct...

CNTAC delegation from China visits Pakistan

Textiles | On 17th Nov 2018

CNTAC delegation from China visits Pakistan

Chinese investors have expressed a desire to enter into joint...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


November 2018

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

news category


Related Categories:

Advanced Search