Cold Weather Gear Gets a New Boss

Centric Brands has made a significant move in the cold-weather accessories market by acquiring Fownes Brothers & Co., a company with a rich history dating back to 1777. This acquisition brings Centric Brands the rights to prominent brands like Ugg, Timberland, and Cole Haan, as well as opportunities to collaborate with The North Face and lululemon on private label products.

A Legacy of Quality

Fownes Brothers & Co. has been renowned for its high-quality leather gloves and other cold-weather gear for over two centuries. The acquisition includes the expertise of Andrew Gluckman, the former head of Fownes Brothers, who will now lead Centric Brands' cold-weather division. Gluckman's deep understanding of the market, honed through generations of family involvement, is expected to drive significant growth and innovation.

Strategic Growth

Centric Brands anticipates that this acquisition will enhance its product offerings and expand its market reach. The company is optimistic about the potential for increased revenue and improved product quality. Fownes Brothers, on the other hand, views this as a new chapter, proud of their legacy and confident in Centric Brands' ability to continue their tradition of excellence.

A History of Acquisitions

This acquisition is part of Centric Brands' ongoing strategy to grow through acquisitions and partnerships. The company manages a diverse portfolio of brands, ranging from apparel to beauty products. With a global presence, Centric Brands operates in numerous countries, collaborating with various retailers and engaging in community initiatives to make a positive impact.

Fownes Brothers: A Family Business

Originally started in England and later moved to the US, Fownes Brothers was a family-run business known for its quality products and long-standing partnerships with major brands. The acquisition by Centric Brands marks a new era for the historic company, blending its traditional craftsmanship with modern business strategies.