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Linsalata Capital Partners buys Cypress-based Manhattan Beachwear
Firm gains majority stake in the swimwear manufacturer.
BY Ashly McGlonePublished: January 26, 2010 02:08 PM
Cleveland-based private equity firm Linsalata Capital Partners has purchased a majority stake – or 80 percent – in Cypress-based Manhattan Beachwear.
The apparel manufacturer carries two of its own brands, 24th & Ocean and Maxine, and holds the licenses for a number of other labels. Among them: Hobie, Split and Kenneth Cole New York.
Manhattan Beachwear was founded by Allan Colvin more than 20 years ago, who produced the first surf-inspired American classic swimwear collection under the Hobie label.
The company has since grown to become a top producer of junior and women’s swimwear, and its apparel is sold across a wide spectrum of specialty and chain department stores, including Macy’s, Dillard’s, Saks Inc., Nordstrom and Everything But Water.
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The apparel manufacturer carries two of its own brands, 24th & Ocean and Maxine, and holds the licenses for a number of other labels. Among them: Hobie, Split and Kenneth Cole New York. Manhattan Beachwear was founded by Allan Colvin more than 20 years ago, who produced the first surf-inspired American classic swimwear collection under the Hobie label. The company has since grown to become a top producer of junior and women’s swimwear, and its apparel is sold across a wide spectrum of specialty and chain department stores, including Macy’s, Dillard’s, Saks Inc., Nordstrom and Everything But Water. NEXT PAGE >> Related headlines Partnership makes OC Motorsport shop for all things Jeep Irvine-based Boost Mobile 'shuffles' to Super Bowl Newport Beach's Daddy Cakes partners with Paul Frank Irvine-based Kia earns praise for Soul model |
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