Fri, 01/08/2014 - 10:05
Catterton, a consumer-focused private equity firm, has acquired designed jewellery brand John Hardy.
Terms of the transaction have not been disclosed.
Founded in 1975, John Hardy is a luxury designer jewellery brand. Its collections are available at more than 600 retail locations across 27 countries and regions.
The company has appointed Robert Hanson as chief executive officer, effective immediately. Hanson brings more than 25 years of brand development and retail experience to John Hardy, including with American Eagle Outfitters and Levi Strauss.
Hanson says: "With Catterton's well-established track record for partnering with leading brands to help them capitalise on growth opportunities, I believe that John Hardy has significant potential and a bright future."
Michael Chu, managing partner at Catterton, says: "Catterton is excited to partner with a differentiated brand with a strong heritage and a top-tier, multi-channel distribution footprint. With Catterton, John Hardy will have a robust platform to enhance its already exceptional brand and accelerate its growth trajectory. We are confident that John Hardy offers substantial upside through multiple paths for expansion, and look forward to working with Robert and the entire team at John Hardy to capitalise on new market opportunities and realise the company's significant potential."
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