GF Capital Management & Advisors, a private equity fund headquartered in New York, is the buyer. Mansur Gavriel is the one who is selling: the brand is renowned especially for bags, in particular handbags, manufactured in Italy. More specifically, GF have acquired most of the capital assets of the US brand. For the records, the deal had been in the air for a while. Yet, preliminary conditions were seemingly different, to some extent.
They did not make public the agreement economic details. Rachel Mansur and Floriana Gavriel, Mansur Gavriel’s founders, will keep working in the company and will still hold a minority share. Isabelle Fevrier, former accessory supervisor at Ralph Lauren, is going to be the new chief executive officer. President Shira Sue Carm is going to quit. GF Capital managers announced their early strategic actions: they are planning to open new stores and develop, at the same time, online business.
Founded in 2012, Mansur Gavriel is a “state-of-the-art accessory” brand, headquartered in New York City. It is very popular for its handbags, but its collections are also composed of footwear and apparel articles. Last year they started seeking some investors to support financially their business growth. Conversely, in the end, founders have opted for one majority partner, rather than welcoming a few minority shareholders.