Home / Knowledge / News / Fashion / Sun Capital Partners acquires Gordmans
Sun Capital Partners acquires Gordmans
19
Sep '08
Sun Capital Partners Inc announced that one of its affiliates has acquired Gordmans Inc, an Omaha-based apparel and home fashions retailer with 65 stores in 16 Midwestern states from Colorado to Indiana and North Dakota to Oklahoma. Gordmans is a full-line, value-priced retailer with consistent everyday low prices.

Its stores carry a large assortment of name brand apparel for all ages, accessories, footwear, gifts, designer fragrances, fashion jewelry, accent furniture, home fashions and more, all at savings of up to 60% off department store and specialty retailer prices. Terms of the acquisition were not disclosed.

Brian J. Urbanek, Vice President, Sun Capital Partners Inc, commented, “We are pleased to add Gordmans to our growing portfolio of retail affiliates, which includes controlling ownership interests in sixteen direct marketers; department stores; grocery, pharmacy, and convenience stores; and specialty and apparel retailers. We are looking forward to working with the management team and the Company's dedicated associates in achieving their objectives of profitable growth.”

Jeff Gordman, Chairman and CEO, Gordmans Inc, added, “We are very proud of the growth and success that Gordmans and its predecessor entities have enjoyed over the last 90 years and have determined that the best path going forward is to join forces with Sun Capital Partners, a financial sponsor with deep operating experience in several retail sectors. We are confident that our new partnership will allow Gordmans to fully realize its growth potential and expand its existing footprint.”

Harris Williams & Co. acted as the exclusive advisor to the Special Committee of the Independent Board of Directors for Gordmans Inc.

Sun Capital Partners Inc


Must ReadView All

Plan under way to revive Egypt's state-run textile firms

Textiles | On 20th Oct 2018

Plan under way to revive Egypt's state-run textile firms

Egyptian minister for the public enterprise sector Hisham Tawfiq...

Myanmar asks garment units to set up skill testing centres

Apparel/Garments | On 20th Oct 2018

Myanmar asks garment units to set up skill testing centres

Myanmar’s ministry of labour, immigration and population has asked...

Results of Cameroon transgenic cotton trials by 2018 end

Textiles | On 20th Oct 2018

Results of Cameroon transgenic cotton trials by 2018 end

Cameroon’s national cotton development company Sodecoton will...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Tony Ward, Tony Ward

Tony Ward
Tony Ward

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

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 2018

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

news category


Related Categories:

Advanced Search