Dutch, LLC, a Vernon, CA-based designer and distributor of premium contemporary apparel, has received a (60%) majority investment from private equity firm TA Associates.
The amount and the terms of the deal were not disclosed.
TA will support the growth of the Dutch brand portfolio and of the brands’ footprints, collections and overall profile in the marketplace.
Following the investment, Serge Azria will remain CEO (and Creative Director) of Dutch while Jennifer M. Mulloy and James R. Hart, a Managing Director and a Principal at TA Associates, respectively, will join the company’s Board of Directors.
Created by Serge Azria in 2007, Dutch designs and distributes contemporary apparel under the labels JOIE, Equipment and Current/Elliott, whose products are available in department stores and specialty shops in more than 2,000 locations across 75 countries, including high-end department stores such as Saks Fifth Avenue, Nordstrom, Neiman Marcus, Barney’s, Harvey Nichols, Selfridges and Printemps, as well as in six company-owned boutiques in in Los Angeles, New York and Newport Beach, and the company’s own website.
Dutch operates offices in Vernon and New York, NY.
FinSMEs
10/01/2013