British Shirtmaker Thomas Pink Has New American Owners [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
The brand, formerly owned by LVMH Moët Hennessy Louis Vuitton , has been purchased by two New York-based clothing companies, Icon Luxury Group and CP Brands Group, in a joint venture partnership. More from WWD LVMH Invests in French Boutique Hotel Group Les Domaines de Fontenille The Devonshire Is a Haven for Cool Young Brits Skepta's Mains Pop-up Is a Teenage Dream Their plan is to distribute Thomas Pink internationally, open standalone stores in key markets such as the U.S. and the U.K., and offer shirts at prices that fall between Charles Tyrwhitt and Eton. They will also supply third-parties, such as U.S. department stores. The partners plan to operate with a licensing model across a variety of categories, including fragrances and eyewear, and work closely with local partners worldwide. The brand has been keeping a low profile since LVMH decided to sell it in late 2020. LVMH's decision came in the thick of the pandemic when Thomas Pink's clients were working from ho
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