Premium consumer brand investor, Scope Capital has acquired a majority stake in the Dutch outwear apparel company, Stone Fashion Group. This deal kicks off a new growth phase for the Stone Fashion Group and its portfolio of brands.
Scope Capital partnered with the Stone Fashion Group's management team to buy a 60 per cent stake in the company. The founders will keep a significant minority share and will remain involved in the business.
The Stone Fashion Group is the parent company of several brands, including the popular ski and activewear brand Goldbergh, and outerwear brands like Beaumont, Reset, District, and Creenstone.
The new partnership involves accelerating Stone Fashion Group's growth by focusing on digital and geographic expansion, especially in the Asian and US markets. Scope Capital plans to use its expertise in digitalization and brand building to strengthen relationships with customers and expand the company's global presence.
The acquisition comes at a great time for the Stone Fashion Group, which is projecting a turnover of €90 million and an EBITDA of €19 million, showing a solid base for future growth.
Scope Capital has a strong track record of investing in and growing premium consumer brands, with past investments in companies like Happy Socks and Klattermusen. The firm’s strategy is to actively team up with entrepreneurs to help them fully realize their brand's potential.
This deal is a smart move for both companies, allowing the Stone Fashion Group to break into new markets with the support of a specialized investor, while Scope Capital adds another successful brand to its collection.
