 |
|
|
|
News |
 |
|
July, 2013
GLP advises Emerisque Brands on its successful acquisition of Malboro Classics (MSC) from Permira
After selling Valentino Fashion Group and the M Missoni license to the Qatar royal family for 720 million euros in July 2012, British investment fund Permira has sold MCS Italia – which owns MSC We The People – to Emerisque Brands. With a line for men and women, the brand’s aesthetic is inspired by the American cowboy and was originally launched in 1987 under the name Marlboro Classics.
GLP advised Emerisque Brands on the deal. Founded in 2004, Emerisque Brands is a global investor based in the United States, specializing in the growth and development of fashion brands and chains. The group has previously invested in international brands such as Lee Cooper, Hickey Freeman, Bobby Jones, and Palm Beach.
"For some time now, Emerisque Brand has been interested in adding to its portfolio an Italian brand with interesting prospects in emergent markets such as China, Russia, India and the Middle East. With this acquisition we hope to be able to create a platform to invest in other Italian fashion brands," explains Massimo Gasparini, president of MCS Apparel and representative of Emerisque Brands in Italy.
"MCS We The People is a popular brand because of its West-American image, but its contemporary Italian edge makes it accessible to a global consumer. Thanks to our experience in managing and developing international brands, we hope to be able to help MCS to reach its full potential in important markets," says businessman Ajay Khaitan, co-founder of Emerisque Brands and ex-CEO of Lee Cooper.
The brand is currently present in 40 countries including across the world via 1400 points of sale and 300 own-brand stores and corners and employs 400 members of staff. In 2012, MSC reported turnover of 110 million euros, down from 125 million euros in 2011. "The acquisition will allow the company to consolidate its position in the casual clothing market," concluded CEO of MCS, Mario Rinaldi.
Mark Harms, CEO of GLP, commented:
"We are delighted to have seen this deal elegantly meet Permira’s needs whilst providing our client, Emerisque Brands, with a huge opportunity to grow the business in a variety of emerging markets."
Contact:
| Mark Harms |
|
|
| CEO and Chairman |
|
|
| Global Leisure Partners LLP |
|
|
| 20 Balderton Street |
|
|
| London W1K 6TL |
|
|
| United Kingdom |
|
|
| Tel: +44 (0) 20 7016 8050 |
|
|
Important Notice:
Global Leisure Partners LLP ("GLP") is authorised and regulated in the UK by the Financial Conduct Authority. Global Leisure Partners LLC, a subsidiary of GLP, is a
broker-dealer registered in the US with the Securities and Exchange Commission and is a FINRA member firm. Global Leisure Capital Partners LLC ("GLCP"), a wholly-owned subsidiary of GLP, is the principal investment arm of GLP. ©2014 GLP. All rights reserved. GLP specifically prohibits the redistribution of this material and accepts
no liability whatsoever for the actions of third parties in this respect. |
|
