Luxembourg-based private equity firm L-Gam Advisors Sarl has recently made headlines with its acquisition of a majority stake in the renowned premium outdoor brand Woolrich. This significant move signifies a key milestone in Woolrich’s journey towards a more expansive global presence.
L-Gam, led by a team of seasoned financial professionals in partnership with the Princely Family of Liechtenstein, has built a reputation for its patient and strategic investment approach. In addition to its recent involvement with Woolrich, the firm also has interests in the prestigious Italian luxury fashion house Roberto Cavalli. Furthermore, Japanese outdoor retailer Goldwin, a minority stakeholder in Woolrich since 2017, will continue its investment in the brand.
The collaboration with L-Gam couldn’t have come at a better time for Woolrich as it sets its sights on furthering its footprint internationally. With plans for expansion in key markets such as Europe, North America, Japan, and an upcoming launch in China slated for 2019, Woolrich is poised for significant growth. This strategic alliance not only bolsters Woolrich’s global presence but also paves the way for an enhanced product portfolio.
In response to changing market demands, Woolrich introduced a new line called Woolrich Outdoor, focusing on cutting-edge performance fabrics and innovation. Produced in collaboration with Goldwin, this premium men’s outdoor collection complements Woolrich’s existing John Rich & Bros label, showcasing the brand’s commitment to innovation and staying competitive.
Although exact financial terms of the acquisition remain undisclosed, it is known that WP Lavori in Corso, an Italy-based company that assumed majority ownership of Woolrich International after the merger of its American and European branches in 2016, played a role in facilitating the deal. As a result of this transaction, the Rich family, stewards of the Woolrich legacy for seven generations since its inception in 1830, have completely divested their stake in the company.
Overall, the acquisition by L-Gam signifies a strategic move for Woolrich as it solidifies its position in the fiercely competitive outdoor apparel market and gears up for further global expansion.
For more information on Woolrich and L-Gam, please visit their respective websites:
Woolrich Official Website
L-Gam Advisors Sarl Official Website
