GB Palladin Capital, LLC, a division of Gordon Brothers Group, today announced the completion of an investment in Andrew Marc, the designer brand. The investment will allow Andrew Marc’s founders, Andrew and Suzanne Schwartz, to broaden the brand’s product lines and expand into new markets.
“We are extremely excited to be partnering with Andrew, Suzanne and the entire Andrew Marc management team,” commented Mark Schwartz, President of Gordon Brothers Group. “They have built one of the apparel industry’s most
respected brands and we are confident that they will continue to grow the Andrew Marc name by expanding their collections, offering more product categories and moving into untapped, international markets.”
The Company currently operates under the Andrew Marc and Marc New York labels and is sold through exclusive department stores and specialty shops throughout North America. Although best known for its fine leather outerwear,
the company has successfully transitioned into a full collection of outerwear garments.
Andrew Schwartz, the Company’s Founder and President, said, “Suzanne and I have dedicated the past 24 years towards building the Andrew Marc brand. We have found in GB Palladin a partner that respects both the history and goals
of our company. Importantly, GB Palladin has the financial resources and strategic know-how to help us grow our domestic operations and enter new markets overseas.”
“We believe that our customers would like an expanded selection of product categories that reflect the same quality and design of our current products,” added Suzanne Schwartz. “This transaction will provide us with the financial
flexibility to develop additional categories under the Andrew Marc brand, through in-house development or selective licensing ventures.”
The Sage Group served as exclusive financial advisor to Andrew Marc.