;
Home / Knowledge / News / Fashion / Italy's Ermenegildo Zegna acquires Thom Browne in US

Italy's Ermenegildo Zegna acquires Thom Browne in US

30
Aug '18
Courtesy: Ermenegildo Zegna
Courtesy: Ermenegildo Zegna
Italian luxury group Ermenegildo Zegna has bought an 85 per cent stake in US fashion house Thom Browne in a deal valuing the latter at about $500 million. The deal with Sandbridge Capital and Thom Browne would expand its business in the United States and widen its customer base, the Italian group said. Thom Browne will be managed independently after the deal.

Founder designer Thom Brown will hold the remaining 15 per cent stake in the New York-based company and Rodrigo Bazan will continue as its chief executive officer, according to US media reports.

Founded in 2001, the US company employs nearly 200 with 31 flagship stores around the world. The family-owned Italian group, founded in 1910, has been investing heavily to introduce new, versatile fabrics for formal and more sports-oriented clothing.

New York-based private equity firm Sandbridge Capital also owns stakes in French snowsports equipment maker Rossignol, luxury online retailers Farfetch and RealReal. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pxhere

Textiles | On 24th Jan 2019

Cabinet okays National Bench of GST Appellate Tribunal

The Union Cabinet, chaired by Prime Minister Narendra Modi, has...

Piyush Goyal likely to present Interim Budget 2019-20

Textiles | On 24th Jan 2019

Piyush Goyal likely to present Interim Budget 2019-20

Minister of railways Piyush Goyal is likely to present Interim Budget ...

Bangladesh aims to be developed by 2041: Minister

Textiles | On 24th Jan 2019

Bangladesh aims to be developed by 2041: Minister

Aiming to become a developed country by 2041, Bangladesh is working...

Interviews View All

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Smita Murarka, Amanté

Smita Murarka
Amanté

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

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

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

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

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

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

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

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


February 2019

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

news category


Related Categories:

Advanced Search