Nicole Fahri changes hands

A new Post "Nicole Fahri changes hands" was written on the January 16, 2012 at 6:00 pm on "Textile Global - Textile and Fashion News".

Nicole Fahri is yet again going under new ownership. The label will
undergo significant

expansion after private equity group Kelso Place Asset Management
acquired a majority stake in the company. Kelso Place, which sold
British luxury leather goods company Smythson in 2009, bought the
stake from OpenGate Capital, which only acquired Farhi in 2010 for £5
million.

Kelso Place will retain Nicole Farhi as creative director and Niki
Scordi as chief executive for the next phase of the expansion – in
particular Asian growth.

Sion Kearsey, managing partner of Kelso Place, says, "Nicole Farhi is
well represented in the UK, and currently sells in 40 countries
worldwide, but the opportunity is to deepen the penetration of the
brand. We get on well with the management team, and we're all agreed
on where the business should go.

Here is the original post:
Nicole Fahri changes hands

http://www.textileglobal.com/2012/01/nicole-fahri-changes-hands.html

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