Kelso Place Asset Management, a UK-based special situations investor, has acquired a significant stake in OpenGate Capital’s fashion label Nicole Fahri.
Under the terms of the agreement, Kelso Place will use its strong track record in the luxury brand space with brands such as Smythson and Anya Hindmarch, to provide financial, strategic and hands-on, operational support to ensure the further growth of the business.
OpenGate has been making operational enhancements to Nicole Fahri since acquiring the brand in March of 2010 from French Connection plc.
"With the luxury brand expertise of Kelso Place on board and our phase one operational refinements accomplished, Nicole Fahri is now poised to grow and flourish," says OpenGate Capital founder and CEO Andrew Nikou.
Nicole Farhi (pictured), who founded the label in 1983, and the global brand’s management team, led by Niki Scordi, will remain in their positions subsequent to the investment.
