montreal, May 2, 2024 /CNW/ – Joseph Ribkoff, a leading designer, manufacturer and international wholesaler of women’s clothing, announces significant new investment from long-term investors Novacap and Fonds de Solidarité FTQ, and new investor DNA Partners We are pleased to announce the round. This strategic capital injection, along with Scotiabank/Roynat Capital as a new lender, demonstrates continued support for Joseph Ribkoff’s growth trajectory and enables the company to execute on its ambitious vision for the future. We will provide you with the resources you need to do so.
It was founded over 65 years ago and is still headquartered today. montreal, Joseph Ribkoff employs more than 500 talented people in 40 offices and showrooms around the world. He is sold in over 3,400 retail stores in over 60 countries. In 2019, the company opened a manufacturing and distribution facility that complements its existing operations in Europe. quebec Most of the design, manufacturing and commercialization activities take place here. The brand’s enduring success and expansion was reinforced by initial investments from Novacap and Fonds de Solidarité FTQ in 2017.
Under the leadership of Emmanuel AmzalagJoseph Ribkoff, who was appointed CEO in early 2023, has embarked on significant advances, including investments in cutting-edge technology and strategic repositioning in response to changing consumer demands due to the COVID-19 pandemic, among other things. Did. These initiatives not only strengthened the brand’s market position, but also highlighted the company’s commitment to sustainability, innovation and excellence in the women’s apparel sector. The company is now well-positioned to realize its brand vision of becoming the most loved and worn brand by fashion-conscious women.
Dominic Mancini“We are enthusiastic about Joseph Ribkoff’s growth prospects and its ability to leverage its world-renowned brand,” said Novacap’s senior partner. “We have built an influential brand presence with a global retail distribution network.” This new investment will enable Joseph Ribkoff to realize his vision for the brand and drive a roadmap of global expansion and innovation. ”
Taking this feeling into consideration, Emmanuel AmzalagJoseph Ribkoff’s CEO, highlighted the brand’s strategic priorities, saying, “We are committed to delivering a compelling collection that resonates with our diverse clientele, while solidifying Joseph Ribkoff as a great place to work. We remain focused on optimizing our operations and better serving our partners around the world, and this investment will significantly accelerate our efforts towards these goals.”
moreover, Daniel Labrecque, co-founder and CEO of DNA Partners, praised Joseph Ribkoff’s vision, strategic investments and growth potential. “We are extremely impressed with the direction of the Joseph Ribkoff brand and are excited to lend our entrepreneurial expertise to writing the next chapter of Joseph Ribkoff’s legacy. The company’s strength is underpinned by, and combined with, the values of passion, partnership and tenacity. ”We believe that our association is a true commitment to creativity and innovation. We believe it will drive unparalleled growth and results. ”
This new phase of investment by Novacap, Fonds de Solidarité FTQ and DNA Partners is a testament to Joseph Ribkoff’s enduring legacy and unwavering commitment to excellence as a leader in the global fashion industry.
About JR Fashion Holdings Co., Ltd. (Joseph Ribkoff)
Founded in 1957 and headquartered at montreal, Joseph Ribkoff designs classic and contemporary clothing for fashion-conscious women with a youthful mindset. Each carefully tailored piece offers the effortless fashion, fit and quality that has been synonymous with the company for 65 years. Sold in more than 3,500 of his stores around the world, the brand has blossomed into a touchstone of timeless feminine style.
Today, the Joseph Ribkoff brand has grown in more than 60 countries around the world, and its iconic products continue to empower women to live the most exciting chapters of their lives.
About Novacap
Founded in 1981, Novacap is one of North America’s leading private equity firms. 8 billion Canadian dollars Total assets under management invested in over 100 platform companies and completed over 150 additional acquisitions. Applying a focused approach to industry, TMT, financial services and digital infrastructure since 2007, Novacap’s deep expertise helps companies accelerate growth and create long-term value. Masu. With a dedicated, experienced investment and operations team and significant capital, Novacap has the resources and knowledge to help you build a world-class business. Novacap has offices at montreal, Torontoand new york.
For more information, please visit www.novacap.ca.
About DNA partners
DNA Partners is a private equity group focused on supporting entrepreneurs. quebec. We are a group of passionate entrepreneurs, experienced executives, CEOs, and financial professionals dedicated to helping our portfolio companies realize their full business potential. In addition to our investment team, DNA Partners relies on a number of experienced entrepreneurs and CEOs who add operational and strategic value to our portfolio companies. DNA Partners is part of DNA Capital and is located in: montreal.
For more information, please visit www.dnapartners.ca.
About Fond de Solidarity FTQ
Fonds de Solidarité FTQ is a source of Quebec pride and fulfills its mission through a unique business model created 40 years ago. Since then, the Foundation has rallied Quebec to action thanks to the retirement savings of his 769,459 shareholders.
net worth is $18.9 billion like November 30, 2023, The Fonds supports more than 3,700 companies through venture capital and development capital investments, based on the belief that they create economic impact as much as social benefit. For more information, please visit: fodsftq.com or our company page linkedin.
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Source Novacap Investments Inc.
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