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

UK retailers may face extra £190 mn in business rates

Apparel/Garments | On 21st Sep 2018

UK retailers may face extra £190 mn in business rates

Retailers in the UK are likely to face an extra £190 million on their ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


September 2018

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

news category


Related Categories:

Advanced Search