The shareholder of New & Lingwood Limited has sold the company to POP Capital for an undisclosed consideration.
New & Lingwood was founded in 1865 to serve as outfitters for the boys of Eton College, the famous English public school, and the company’s main store, which opened in Jermyn Street in 1922, has become an integral part of this iconic menswear destination. With an assortment of products that range from the conservative to the eccentric, New & Lingwood supplies bespoke and ready-made shirts, suits, hosiery and shoes of the highest quality, to name a few. It has the reputation of serving gentlemen of refinement and good taste including old Etonians, princes, prime ministers, presidents, pop stars and sartorial men the world over. Anthony Spitz has led the company for many years and will remain as chairman of the operating company, supporting the new global expansion strategy. Mr. Spitz’s family interests will maintain a minority stake in the new holding company.
POP Capital is a US-based private equity firm specializing in luxury brands. POP Capital will become the new custodians of the New & Lingwood stable of brands, which includes Bowring Arundel, Poulsen Skone, and WV Brown, and will lead the company in an exciting new growth phase.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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