Sandbridge Capital is acquiring a majority stake in Thome Browne New York, a luxury ready-to-wear and accessories brand. The seller is Stripe International, which will remain a shareholder after the closing of the deal. No financial terms were disclosed.
Sandbridge Capital announced today that it is acquiring a majority stake in Thom Browne New York from Stripe International. Stripe will remain an important strategic partner as a continuing shareholder in the business. Financial terms of the transaction were not disclosed.
Thom Browne New York was founded in 2001 and has since grown into a leading global luxury ready-to-wear and accessories brand. The brand is currently offered in over 180 high-end department store doors, specialty boutiques, and shop in shops across twenty five countries as well as online and through its own retail stores in New York, Tokyo and Hong Kong.
“I am excited to have found a great partner in Sandbridge whose long-term global perspective and extensive industry resources will help us further build our brand globally,” stated Browne. “I am also grateful for Mr. Ishikawa’s support as it has been a great six years working together with Stripe. I look forward to continuing to work with him alongside the prodigious team at Sandbridge to continue growing the business worldwide.”
Ken Suslow, Managing Partner of Sandbridge Capital, remarked “Thom Browne is a singular talent in the world of global fashion, his abiding vision for the brand is truly unparalleled. We are highly enthused to be partnering with Thom and his exceptionally talented team as we work together to continue building upon the enduring global strength of the brand.
About Thom Browne New York
Thom Browne (www.thombrowne.com) began his business with five suits and a small by-appointment-only shop in 2001 and subsequently introduced his first ready-to-wear collection in 2003. Browne’s innovations in tailoring have been closely identified with positively impacting the paradigm of men’s and women’s fashion. To wit, Browne has been honored with the CFDA Menswear Designer of the Year Award in 2006 and 2013, the GQ Designer of the Year in 2008 and the Cooper Hewitt National Design Award in 2012.
About Sandbridge Capital
Sandbridge Capital (www.sandbridgecap.com) is a private equity investment firm with offices in New York and Los Angeles that invests in high growth branded consumer companies such as Derek Lam, Rossignol, Farfetch, Topshop and Karl Lagerfeld. Sandbridge was founded with the backing of an iconic group of retail and consumer industry advisors including designer Tommy Hilfiger. Thom Browne represents Sandbridge Capital’s eleventh investment in the branded consumer sector to date.
About Stripe International
Founded by CEO Mr. Yasuharu Ishikawa and headquartered in Okayama, Japan, Stripe International (http://www.stripe-intl.com) is a leading Japanese apparel company. Stripe manages a diverse portfolio of brands, including ‘Earth, Music & Ecology’, ‘E-Hyphen World Gallery’, ‘Green Parks’ and ‘Seven Days Sunday.’