Waitt Co., an Omaha investment firm, has acquired three established apparel companies as part of a co-investment deal with Authentic Brands Group, a New York based brand development company.
The three brands are: Judith Lieber, an international high-end brand founded in 1963 that is known for its exclusive handbags; Adrienne Vittadini, a premier brand founded in 1979 that offers clothing, handbags, swimwear, eyewear and perfume in such department stores as Neiman Marcus and Macy's; Taryn Rose, a fashion-forward brand founded in 1998 and offering footwear at such stores as Neiman Marcus, Bloomingdales, Nordstrom and Macy's.
“We are very pleased to have acquired these exceptional brands and to have Waitt Company as our partner,” said Jamie Salter, chief executive of Authentic Brands Group. Authentic Brands is a brand development and licensing company that acquired the three brands from Schottenstein Luxury Group earlier this year for an undisclosed amount. The terms of the deal with Waitt also were not disclosed.
Dana Bradford, chief executive of Waitt, described Salter and his team as having a “terrific track record,” in a news release. “We are delighted to be partnered with them on this opportunity.”
Waitt, a diversified investment company with an emphasis on investing in private companies with established management teams, is increasing its investment in sports products and apparel.
Last June, Waitt joined forces with the Omaha company best known for its impact-detecting chin strap, Battle Sport. Battle Sport is known for its “Impact Indicator,” a technology-packed chin strap that helps signal when an athlete has sustained a hit strong enough to cause a concussion.
Contact the writer: 402-444-1142, firstname.lastname@example.org