Ben Sherman acquired by Marquee Brands
Ben Sherman, the iconic mens fashion brand, has been sold to Marquee Brands, a US company backed by Neuberger Berman Private Equity.
Marquee has bought the Ben Sherman brand and intellectual property assets from Oxford Industries.
Michael DeVirgilio, president of Marquee Brands, said: “We are particularly excited about this transaction as Ben Sherman is consistent with our mission to acquire high quality brands with substantial global growth potential.
“The current management team under Oxford's leadership has done a great job building on the core essence of the brand. We’ve received supportive messages from retailers across the globe that share our view of the growth opportunity ahead.”
Ben Sherman is the second investment for Marquee Brands this year following its acquisition of Italian luxury brand Bruno Magli in February.
Cory Baker, chief operating officer of Marquee Brands, added: “Ben Sherman remains a uniquely classic British brand with a loyal following across five continents and a smartness that’s ageless. Its heritage, style and authenticity fits perfectly within Marquee's growing portfolio.”
“Our plans to market and promote the brand across various lifestyle categories are well underway with new products and expanded retail coming to market as early as first quarter, 2016.”
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