Home / Knowledge / News / Fashion / Bruderman secures minority equity investment for Dennis Basso

Bruderman secures minority equity investment for Dennis Basso

21
Jan '10
Bruderman Brothers, Inc., as exclusive advisor, has structured and arranged a minority equity investment in the prestigious fashion label, Dennis Basso. The capital infusion provides funding for the company's recent and future growth initiatives. The minority equity investment was the second transaction that Bruderman Brothers arranged for Dennis Basso in 2009. Earlier in the year, Bruderman Brothers structured and arranged a revolving credit facility and term loan for the company.

"This capital infusion will allow us to continue to pursue our ambitious growth initiatives in 2010," said Dennis Basso. In 2009, the company experienced substantial growth, opening new retail locations in London (Harrod's) and Moscow (TSUM). In addition, the company increased its wholesale distribution by opening new accounts in key international fashion markets. "We are thrilled to have opened two new retail locations in 2009 along with various wholesale accounts, all in essential, high-fashion markets. These initiatives will have a significant impact on the continued development of the Dennis Basso label worldwide. The company would not have experienced this growth without the incredible dedication from Bruderman Brothers," said Basso.

The company has been working with Bruderman Brothers for more than two years under a consulting agreement and recently engaged the firm's investment banking division to raise capital needed to fund the company's expansion plan. Bruderman Brothers has written and refined Dennis Basso's business plan, developed its growth plan, and secured capital to fund growth initiatives. "We could not be happier with the work that Bruderman Brothers has performed for our company in recent years. Their ability to secure this capital in the midst of the credit crisis and a challenging retail environment is truly incredible," said Basso.

The Dennis Basso label has performed exceptionally well despite the recent global economic downturn. While many of its competitors have made significant reductions in retail stores or gone out of business, the Dennis Basso label has grown substantially and opened retail locations in some of the world's most ideal fashion markets. "We are extremely excited about the future potential of the Dennis Basso label and look forward to continuing to work with this exceptional company and group of people. In contrast to the reputations of many successful designers, and in addition to being incredibly talented and driven, Dennis is kind, down to earth, and exceptional to work with," said Matthew J. Bruderman, Chairman of Bruderman Brothers, Inc.

Bruderman Brothers Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Jul 2021

5.2 lakh Zimbabwean homes to gain from Pfumvudza cotton inputs scheme

At least 520,000 households in the marginalised zones of Zimbabwe...

Pic: Lanzatech

Textiles | On 24th Jul 2021

US' LanzaTech, Lululemon to make yarn from recycled carbon emissions

LanzaTech has joined hands with Lululemon athletica, an athletic...

Pic: HOdo Group

Apparel/Garments | On 24th Jul 2021

Chinese apparel firm HOdo exports carbon-offset clothing

Apparel brand HOdo has claimed producing and exporting China’s first...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


July 2021

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


Advanced Search