Luxury Brand J.Mendel Plans To Introduce Strategic Investors

< p > according to the news, the private equity fund The Gores Group, LLC is ready to introduce new investors to France's "a href=" //www.sjfzxm.com/news/index_c.asp "luxury brand" /a "J.Mendel, and has hired the Barclays Bank (Barclay) bank to handle the related operations. The Bank of Barclay also released a signal to potential buyers several months ago.

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< p > The Gores Group, LLC spokesman told WWD that the group continued to commit itself to the long-term development of J.Mendel brand: "after opening a series of development such as New York Madison Avenue Madison Avenue flagship store, the launch of handbag series and the new CEO position, we are exploring the possibility of introducing minority equity strategic investors, which will help us speed up the development of the brand and expand its retail footprint."

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"P > manages the The Gores Group of $3 billion 600 million assets. LLC acquired the 125 year old advanced garment brand J.Mendel in August 2010, and set four main goals for its development: reversing the declining sales trend, refocusing on the garment business and expanding the accessories line, increasing public relations investment and brand awareness, and expanding the wholesale business.

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< p > J.Mendel hired former "a href=" //www.sjfzxm.com/news/index_c.asp "Louis Vuitton < /a" last month, vice president of Asia Pacific Marketing, Louis Weedon a href= "//www.sjfzxm.com/pioneer/" > a < < > as CEO and chief executive officer. He will work side by side with fifth generations of successors, major shareholders and Chief Creative Officer.

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Wholesale and retail sales of < p > J.Mendel 's amounted to 30 million US dollars.

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