Ermenegildo Zegna Group bought an American brand
The famous American designer and founder of the nominal brand Tom Brown sold 85% of his brand to the Italian Ermenegildo Zegna Group.Thom Browne.;
Career Toma began with the creation of absolutely fresh, bright and extraordinary men's and women's collections. Success with fashionistas Tom has been supporting since 2011 and in his sales, the women's line is about 35 percent per year. Very narrow (super slim fit) and cropped men's suits have become the hallmark of the brand. Meanwhile, the manufacturer of men's clothing of the luxury Ermenegildo Zegna was looking for a partner and a method of entering the American market with a bright and extraordinary look at men's luxury.
Yesterday Ermenegildo Zegna announced that the group has reached an agreement with Sandbridge Capital and with By Tom Brown on the acquisition of 85 percent of Thom Browne Inc. with an estimated transaction value of about half a billion dollars. Designer Tom Brown will become the sole shareholder, with the balance of the company's shares, retaining 15 percent of his brainchild and receiving a tidy sum for his successful brainchild.
"Remaining the world leaders in luxury men's clothing, we have always been open to opportunities for external growth. And since we started exploring the US market and who to start a partnership with, I always knew that Tom Brown would be a perfect fit.
Gildo Zegna, CEO of Ermenegildo Zegna Group.
The group of Italian luxury will gain access to the American market, including thanks to the bright extraordinary vision of men's fashion in the face of Tom Brown. Ermenegildo Zegnarecognizes that their clientele has become more open to new ideas in men's classics and is ready to try on something new with pleasure. Meanwhile, the policy and idea of the sold brand of Americans will remain unchanged: Tom Brown not only retained 15 percent of the shares, but also remained the creative director of the brand, the chief executive officer will still be the same Rodrigo Bazan, While Tom Brown will get access to 500 boutiques around the world, owned by the Italian brand. So this deal will be a new impetus to the heights of success for both sides.
Photo: Tom Brown, social networks.