Kinross Cashmere mother or father Dawson-Forté Cashmere Sells Majority Stake to Tempus Companions

Dawson-Forté Cashmere, Canton, Aggregate.-based mother or father corporate of Kinross Cashmere and &Isla, has bought a majority fairness stake to Tempus Companions, a consumer-focused personal fairness company.

Andy Bartmess will stay Dawson-Forté’s important govt officer and a shareholder.

“We are excited to work with Tempus Partners to accelerate the growth of our Kinross and &Isla brands as we expand into more stores and across channels,” mentioned Barmess, in a remark.

Mary McCann, Dawson-Forté’s senior vice chairman of gross sales and vending, who will stay an govt and shareholder, added, “I’m thrilled to work with Geoffrey [Champlin] and Kyle [White] at Tempus Partners as we enter Dawson-Forté’s next chapter together. Their proven experience in successfully growing consumer brands makes them excellent partners for Dawson-Forté’s future.”

Champlin, managing spouse of Tempus Companions, mentioned, “We were drawn to Dawson-Forté because of its long history of excellence, dedication to product quality and its passionate customer base.”

Kyle White, managing spouse of Tempus Companions, mentioned, “We’re especially happy Dawson-Forté will continue under Andy’s and Mary’s leadership as we work to expand while keeping in place what makes the Kinross and &Isla brands so special.”

Monetary phrases of the transaction weren’t disclosed. MMG Advisors, Inc. brokered the transaction and acted as unique monetary helper to the dealers. Scholhamer Industry Regulation acted as felony helper to the dealers. Benesch Friedlander Coplan & Aronoff acted as felony helper to Tempus Companions. The do business in is efficacious March 11.

Kinross Cashmere is a luxurious attire emblem with a focal point on cashmere and alternative high-quality herbal fibers, generation & Isla is a U.Okay.-inspired luxurious cashmere emblem. Dawson Forté’s merchandise are bought in over 600 U.S. and U.Okay. high-end distinctiveness collect, together with Mitchells, Halsbrook, Wits Finish, Wilkes Bashford, and Valentina.