J.W. Childs Announces Sale of Men's Apparel Company Joseph Abboud to The Men's Wearhouse
August 16, 2013 – We are pleased to share with you news on the sale of our portfolio company, Joseph Abboud, to The Men’s Wearhouse (NYSE:MW). Joseph Abboud is a leading men’s apparel company headquartered in New York, NY. The sale was announced last month through a press release and closed on August 6.
The Company designs, merchandises, sources, manufactures, markets and distributes a wide range of products, including suits, sport coats and trousers, and through licensing agreements, men's accessories, sportswear, dress shirts, ties and home furnishings. Founded in 1986, the Joseph Abboud brand name enjoys high brand awareness in the U.S. The Company is a longstanding supplier to better department stores including Nordstrom, its largest customer. The Company manufactures its suits, sport coats and trousers at the company-owned factory dedicated exclusively to Joseph Abboud in New Bedford, MA. Joseph Abboud was acquired in March 2004.
Adam Suttin, Partner at J.W. Childs Associates L.P., commented, “Joseph Abboud is a terrific brand and we have truly enjoyed our partnership with management in growing the brand into market leadership positions in men’s tailored clothing, menswear and accessories.”
J.W. Childs is a Boston-based private equity firm focusing on investing in middle market growth companies. Since inception in 1995, J.W. Childs has invested more than $3 billion of equity capital in 40 platform companies including Advantage Sales & Marketing, Bass Pro Shops, Beltone Electronics, Brookstone, CHG Healthcare Services, Esselte, Mattress Firm, Meow Mix, NutraSweet, Pinnacle Foods, Sheridan Healthcare, Sunny Delight, The Tile Shop and W/S Packaging.
For more information, visit www.jwchilds.com.