Home / Knowledge / News / Apparel/Garments / ICV re-acquires Marshall Retail Group

ICV re-acquires Marshall Retail Group

18
Sep '08
ICV Capital Partners LLC (ICV) announced that it has acquired Marshall Retail Group, a leading independent operator of specialty retail stores located in some of the world's most prestigious resort locations. ICV initially acquired Marshall in 2003 from the Marshall family and later sold it to Bruckmann, Rosser, Sherrill & Co LLC (BRS) in 2005.

The Marshall Retail Group is the leading specialty retailer of logo, souvenir, sundry and apparel products to the resort and casino marketplace. The Company operates more than 70 specialty stores in the Las Vegas, Atlantic City, Fort Lauderdale, Pennsylvania, and Tunica, Mississippi markets under three distinct store formats; logo souvenir/sundry stores, apparel and accessories stores and Harley Davidson licensed apparel stores.

Marshall Retail Group's stores are spread across over 25 different casino/retail locations including some of the most prestigious names in the industry, such as Caesars Palace, MGM Grand, the Venetian in Las Vegas, and the Borgata in Atlantic City.

"We are very pleased to have an opportunity to re-acquire this strong company where we achieved previous success in order to implement strategic directives that will drive further growth," said Willie E. Woods, a co-founder and Managing Director of ICV. "We maintained a small minority stake in the company because of our belief at the time in Marshall's prospects.

It continues to be a strong company and given our knowledge of the business and close working relationship with the management team, we believe we can create a more valuable enterprise that will benefit our investors and the company's employees."

ICV invested significantly in Marshall during its original ownership to upgrade the information systems and made several key hires to enhance the management team. These changes enabled the company to take advantage of opportunities to increase the number of retail operations and expand to new resort locations beyond its core Las Vegas market. As a result, sales increased and profitability doubled before ICV sold the business to BRS. The transaction generated an attractive return for ICV's Fund I due to the substantial EBITDA growth and multiple expansion.

ICV believes additional growth can be achieved. Cory D. Mims, a Managing Director of ICV Capital, said of the acquisition, "The company's portfolio of brands and formats have enabled it to continue to grow in a highly strategic manner and maximize penetration at highly sought after resort and casino locations.

While it may on the surface appear slightly unusual, we believe that re-acquiring this business with which we are very familiar provides a number of advantages that will allow us to begin immediately building Marshall's growth trajectory."

Michael C. Wilkins, CEO of Marshall Retail Group, said, "Marshall is well positioned as the company of choice for casino operators seeking proven retail partners to provide an attractive product offering and superior store operations driving profitability.


Interviews View All

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Erik Sy,

Erik Sy

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

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search