SWITZERLAND: Richemont to acquire Peter Millar luxury brand
By Richard Woodard | 21 September 2012
US-based luxury apparel business Peter Millar has been sold to luxury goods group Richemont by private equity firm Winona Capital Management.
The transaction, for an undisclosed sum, is expected to close in October and, said Richemont, will have no material impact on its consolidated net assets or operating result for the year to 31 March, 2013.
“We are incredibly fortunate to have partnered with Winona Capital,” said Peter Millar CEO Scott Mahoney. “Together we have developed and built the Peter Millar brand, expanded the product range, and grown sales and distribution.
“Now partnering with Richemont represents a wonderful opportunity for Peter Millar to continue to build the brand globally under Richemont’s stewardship.”
Sectors: Apparel
Companies: Richemont
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