Most Recent Articles In Fashion ScoopsMost Recent Articles In Fashion Scoops
- Catherine Roggero Joins Christian Louboutin Beauté
- Prada Takes Majority Stake in Milan's Pasticceria Marchesi
- Saks Fetes Donna Karan's Bal Harbour Shop-in-Shop
NEW INVESTOR: Private-equity firm Larsen MacColl Partners has taken a majority stake in Bills Khakis. Terms of the deal, which closed Dec. 21, are not being disclosed, according to Michael O’Hara, chief executive officer of Consensus Advisors, the financial adviser to Bills Khakis. Radnor, Pa.-based Larsen invests in profitable consumer-focused firms, with an emphasis on smaller businesses that have significant growth potential.
Bills Khakis’ founder, Bill Thomas, will remain with the firm. O’Hara said the investment stake leaves the men’s wear company “debt-free.”
Bills Khakis’ collection includes pants, shorts, jeans, shirts and jackets. The headquarters and design team, as well as the distribution facility, are located in Reading, Pa. Its cut and sew operations are based in Virginia, Tennessee and New York City, according to O’Hara.