TA Associates announces 60% investment in firm that owns such fashion brands as JOIE
TA Associates, a private equity firm with offices in Boston, said Thursday that it has completed a majority investment in Dutch LLC, the parent company for the fashion brands JOIE, Equipment, and Current/Elliott.
Terms of the investment were not disclosed.
The Dutch brands of premium contemporary apparel are sold in more than 2,000 stores in 75 countries, including high-end department stores such as Saks Fifth Avenue, Nordstrom, Neiman Marcus, Barney’s, Harvey Nichols, Selfridges, and Printemps as well as in specialty boutiques in the US and international markets. TA said in a press release.
James R. Hart, a principal at TA Associates, will join the company’s board of directors. Jennifer M. Mulloy, a managing director at TA, will also join the company’s board.
Serge Azria, chief executive and creative director of Dutch LLC, will remain CEO of Dutch following TA’s investment.