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Jump Design Group takes over Susana Monaco

09
Mar '19
Pic: Jump design group
Pic: Jump design group
Jump Design Group has taken over the women's wear label Susana Monaco. Jump took a majority stake in Susana Monaco by buying prior stakes from Marcus Lemonis of CNBC's entrepreneur and business show "The Profit." The acquisition marks six portfolio brands for Jump and is its latest move to expand reach to solution-oriented brands in the textiles industry.

Susana Monaco has been designing womenswear under her namesake label since opening her Manhattan showroom in 2000. Looking to gain expert support and infrastructure that Jump Design Group offers, she began discussions with founder and principal of Jump Design Group, Glenn Schlossberg, nearly three years ago about a potential partnership.

"We've established our brand: the aesthetic, the style, our customer base – and the quality and fit of our products are impeccable. I have no doubt Glenn Schlossberg and Jump Design Group will take Susana Monaco designs to new heights," said Susana Monaco, CEO and co-founder of the Susana Monaco brand. "Glenn and I both grew up in the textile business and we have a lot in common in terms of goals and how we view the industry. The most rewarding part of being in this particular industry is bringing new ideas to life, so this partnership with Glenn's team was a no-brainer."

Glenn Schlossberg, founder of Jump Design Group said, "We are excited to provide sales infrastructure and product development to allow Susana to focus on her products while we help achieve the product distribution that the Susana Monaco brand deserves."

"Susana's namesake brand is a classic line, and we share a lot in common with Susana," added Ashesh Amin, CEO of Jump Design Group. "Our partnership will be mutually beneficial, combining our processes and technology with her innovative designs."

The move acquiring Susana Monaco creates a strong portfolio and continues Jump's focus on operational distinction and inventive product development. Previously, Jump Design Group acquired Cathy Daniels Apparel in 2018, in an effort by Schlossberg, to acquire two to three new apparel brands annually. (SV)

Fibre2Fashion News Desk – India


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