Donald J Pliner, a New York-based premier designer and marketer of luxury footwear, has received a majority investment of undisclosed amount from private equity fund Castanea Partners.
Founded in 1989 by Donald Pliner, the company has a product line that includes women’s and men’s dress and casual footwear. The brand operates five company-owned retail stores located in Miami, Coral Gables, Houston, Las Vegas and San Jose.
Donald J Pliner products are sold nationwide in over 400 specialty stores and upscale department stores and online at donaldjpliner.com and other selected sites.
Following the transaction, Donald Pliner will maintain a significant equity interest and will become the company’s Creative Director, primarily responsible for design strategy and helping to build a team of senior designers.
He will also assist with the company’s marketing and brand positioning.
Noel Hord will lead Donald Pliner as CEO.
Commenting on the investment, Troy Stanfield, Partner for Castanea, said: “Donald’s design talent paired with Noel’s leadership will allow us to further strengthen the brand and reach consumers through multiple channels”.
FinSMEs
17/02/2011