Headlines

J. McLaughlin Sold to Private Equity Firm

Founders will stay with the business

Published

13 years ago

November 22, 2011

VMSD Staff

Classic, preppy brand J. McLaughlin has a new owner, according to Women’s Wear Daily. JH Partners and the Highland Consumer Fund have acquired a majority stake in the business, while brothers and founders Jay and Kevin McLaughlin and ceo Steven Siegler will retain a minority interest and continue in their same roles at the company.

J. McLaughlin operates 53 stores and a web site, and is expected to have sales of more than $40 million this year, reports WWD.

JH Partners investments also include Peet’s Coffee & Tea, Bare Escentuals, Frette, La Perla and Design Within Reach. Highland Consumer Fund shares stakes in Lululemon, Pinkberry and City Sports.

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