New York & Co buys out fashion retailer Jasmine Co
20 Jul '05
3 min read
"In addition, boutiques such as JasmineSola represent a growing segment in the retail landscape, and they are pleased to be able to participate in this growth and equally delighted to welcome Luciano and Stacey Manganella and the entire JasmineSola team to their company. The opportunity to acquire the caliber of talent of the JasmineSola team was a major factor for us when they evaluated this acquisition."
Luciano Manganella, JasmineSola President and Founder, stated: "They are thrilled to become part of the New York & Company team. In joining New York & Company, they become part of an organization that is known as a leader in women's specialty retailing and is committed to helping us grow their business. They believe New York & Company possesses the necessary elements to allow us to successfully expand JasmineSola across the country."
"Jasmine's strength in multi-brand product merchandising and store presentation has positioned this trend-forward retailer for tremendous growth upside - something New York & Company will be able to take to the next level," said Don Hutchison, Principal with Tri-Artisan Partners LLC, a New York based operating-focused merchant bank and advisors to JasmineSola.
New York & Company Inc, established in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. They design and source proprietary branded New York & Company merchandise sold exclusively through their national network ofnearly 500 retail stores in 45 states.
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