Mary Ann Domuracki, managing director at MMG Advisors, said that many companies are trying to hold on, especially as business has picked up. “In all likelihood, they’ll hang on a little bit longer. But lenders aren’t as kind as they were last year, when there was government support,” she said, adding that her firm is hearing that larger lenders are looking to prune their portfolios, and are even “persuading borderline companies to find alternative lenders.”
Centric Brands LLC (the “Company”), a leading lifestyle brand collective, announced today the acquisition of Pastourelle, a portfolio of girls’ clothing brands, including Pippa & Julie and Mia & Mimi.
Activity is up, but valuation expectations could curtail deals.
“As a result, private equity firms may even choose to hold on to portfolio companies for a few more months and then market those banners off improved sales figures,” said Mary Ann Domuracki, a managing director at investment bank MMG Advisors.
“You can make the argument that the proliferation of marketplaces really took off three to five years ago, when Farfetch IPO’d in 2018,” said Allan Ellinger, founder and senior managing partner of MMG Advisors. “This is the mall of the future. More retailers will shift toward and/or incorporate some level of a marketplace model. For one thing, this pushes the cost and efforts of shipping, logistics and returns onto the brands versus the retailer themselves.”
Fun-loving, free-spirited and charismatic with a lightning-quick intellect and the ability to think outside the box. That’s the way industry executives recalled Marty Staff, the longtime fashion industry executive who died Tuesday at age 70 after a battle with brain cancer.
The men's clothing retailer hopes the celebrity workleisure line will lure shoppers
Shoulder up, listen carefully, lean in, but not too much, and know when to walk away. That was some of the advice dealmakers shared Thursday at a DealmakeHers virtual event on Zoom.
City Chic Collective acquires the ecommerce assets of U.K. plus-size brand Evans to add to its growing portfolio of global plus-size merchants.
Total value of 2020 deals outstripped 2019, and there's plenty of liquidity among major players.