Suitsupply borrows 35 million from investor

Suitsupply borrows 35 million from investor

Dutch fashion brand Suitsupply has borrowed 35 million euro from American investor H.I.G. Whitehorse so that it may finance its international expansion, among other things.

Support growth

One of those other areas is to support the management buy-out. Founder Fokke De Jong now controls 100 % of Suitsupply's stock once again, news that was revealed last week.

 

"Suitsupply is a very successful men's clothing retailer with a unique market position and huge potential for future growth.  We are very happy to offer management an adjusted financing solution to acquire full control of the company", H.I.G. Whitehorse's managing director Haseeb Aziz said about the loan.

 

"H.I.G. Whitehorse had thoroughly analyzed our activities and understood our plan to grow and it also understood the market. This creative financing solution will help grow our business in the United States, Asia and Europe," CEO and founder Fokke De Jong added.

Questions or comments? Please feel free to contact the editors


Scotland is first to enforce minimum alcohol price

21/11/2017

Scotland is the first in the world to finally enforce a minimum price for alcohol. The law as approved in 2012, but whisky distillers managed to block the legislation up until now.

Europe approves organic reform, Belgium abstains

21/11/2017

The European Commission approved new legislation to simplify organic agriculture in Europe. It will be enacted in July 2020. There was no agreement among Belgian politicians, which is why Belgium abstained.

Greenpeace creates critical parody of Coca-Cola's Christmas commercial

20/11/2017

Many people consider Coca-Cola’s Christmas ad to signal the start of the holiday season. However, this time around, Greenpeace created a parody to highlight the pollution at the hands of the soda manufacturer.

Alibaba invests 2.5 billion euro in Auchan subsidiary

20/11/2017

Chinese eCommerce giant Alibaba acquired a 36 % stake in supermarket firm Sun Art Retail Group, China’s second largest supermarket chain with 450 supermarkets. French retailer Auchan is the group’s largest shareholder.

Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Back to top