2012 March 19
TSG Acquires Minority Stake in Rebecca Minkoff
Patrick McMullan View Gallery
(NEW YORK) Two months after closing a 50-50 equity stake partnership with Alexis Bittar, Rebecca Minkoff scored another investor for her fast-growing lifestyle brand: TSG Consumer Partners. The New York-based private equity firm quietly sealed the deal for a minority share in the company on March 5, allowing Minkoff and her team to hold rank in the business and focus their attention on a slew of shops-in-shop and freestanding brick-and-mortar outposts.
“I am pleased to have found the ideal partner in TSG and look forward to working with them as Rebecca Minkoff LLC grows both nationally and internationally,” said Minkoff in a statement.
Rebecca Minkoff LLC was established in 2001 with a five-piece apparel line, which gained footing when her reworked "I Love New York" tee made a highly-televised PA on The Tonight Show with Jay Leno. In 2005, the Cali-born designer added her iconic handbags to the mix, followed by ready-to-wear in 2009. Last year, Rebecca Minkoff cited $35 million in annual revenue and an 86 percent growth spurt between 2010 and 2011.
“We are very excited to partner with Rebecca Minkoff, one of the fastest growing designers in the industry," said Brian Krumrei, a principal at TSG, in a statement. "Her unique vision and passion for design are truly inspiring. The brand has tremendous opportunity ahead and we feel honored to be part of the family."
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