Thomas Pink Acquired by Icon Luxury Group and CP Brands to Expand Global Presence
Deal News | Dec 10, 2024 | PR Newswire Cision CP Brands Group
Thomas Pink, the prestigious British luxury clothing brand known for its timeless elegance and high-quality shirts, has recently been acquired by Icon Luxury Group and CP Brands Group. This acquisition marks the beginning of a significant new chapter for Thomas Pink, as the new owners aim to expand the brand's global presence while honoring its British heritage. Historically associated with premium craftsmanship, Thomas Pink has a renowned legacy boosted by its previous association with LVMH. Icon Luxury and CP Brands intend to amplify this legacy by entering into licensing agreements across various categories such as fragrances and eyewear, thus extending its reach beyond traditional apparel. Eli Yedid, CEO of CP Brands, expressed plans to bring the brand to diverse global regions, including Europe, the U.S., and Asia, among others. Joseph Edery of Icon Luxury also emphasized the vision to blend timeless craftsmanship with contemporary luxury. Key to their strategy is a substantial retail expansion in core markets, which will be facilitated by collaborating with industry veterans Richard Gibson and Nick Preston. The expansion will focus on key markets such as the UK, the Middle East, and Asia, with an enhanced presence beyond its flagship store in Jermyn Street, London, slated for the first half of 2025.
Sectors
- Luxury Goods
- Fashion and Apparel
- Retail
Geography
- United Kingdom – Thomas Pink is a British brand with significant retail plans in the UK, including expanding beyond its flagship store in London.
- United States – CP Brands Group is headquartered in New York City, and the U.S. is a target market for Thomas Pink's expansion.
- Asia – Asia is one of the regions targeted for Thomas Pink's expansion by the new ownership.
Industry
- Luxury Goods – The acquisition involves Thomas Pink, a well-known luxury clothing brand, with plans to expand its product offerings into categories such as fragrances and eyewear.
- Fashion and Apparel – Thomas Pink is a renowned British clothing brand famous for its premium shirts and tailored clothing.
- Retail – The joint venture plans significant retail expansion in core markets, increasing Thomas Pink's presence globally.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Thomas Pink | Target Company | Company | A renowned British luxury clothing brand recognized for premium shirts and tailored apparel. |
Icon Luxury Group | Acquirer | Company | A luxury brand management firm involved in acquiring Thomas Pink to expand its global presence. |
CP Brands Group | Acquirer | Company | A New York City-headquartered company focused on luxury brand management, co-acquirer of Thomas Pink. |
Eli Yedid | CEO of CP Brands Group | Person | Expressed excitement about integrating Thomas Pink into CP Brands' portfolio and expanding it globally. |
Joseph Edery | Managing Director of Icon Luxury Group | Person | Highlighted Thomas Pink's blend of tradition and modern sensibility, and the aim to elevate its global presence. |