Madrid, Spain (PRWEB UK) 14 March 2013
Hilco Iberia, a subsidiary of Hilco Capital, today completed the acquisition of 1927 Spain SL, the Spanish women’s fashion, footwear and accessories distributor.
Hilco had previously acquired the UK operations of 1927 in 2011 in a separate transaction and assisted the company in the reﬁnancing of its pan-European business in April 2012. These transactions have given Hilco a majority equity stake in the 1927 Group and have ensured the continued growth of the business in partnership with the current management team led by Paloma Perez.
The company’s Spanish business includes an outlet store in the prestigious Las Rozas Village, Value Retail’s luxury outlet shopping village on the outskirts of Madrid.
1927 aims to leverage Hilco’s retail expertise and international platform for future expansion in both its wholesale and retail markets and has already added a number of new brands to its distribution portfolio including the BCBG Max Azria footwear collections.
CEO of 1927, Paloma Perez, said “We are delighted to further extend our interaction with the team at Hilco Capital, a partnership that has already delivered stability and growth in our businesses outside of Spain. We fully expect to replicate that success in the Spanish market.”
1927 was founded in 1998 by Paloma Perez, former Head of Womenswear at Paul Smith and is one of the principal wholesale distributors of fashion brands in Europe. Serving over 2,000 customers through its extensive network of sales agents, 1927 has developed many emerging brands into established names over the years, working with such iconic fashion brands as Juicy Couture, Vera Wang, See by Chloé and Castañer.
Hilco is the global leader in retail restructuring having been involved in many of the most notable retail restructuring projects of the last decade at a pan-European level including the acquisition and successful turnaround of Habitat in December 2009, which included 73 stores across the UK, France, Germany and Spain with a turnover of €300m.
Hilco Capital opened its office in Madrid in January 2012 led by Igor de la Sota and has recently opened in Sydney, Australia adding to its existing operations in the UK, Germany, Ireland and Canada.
For more details, please contact:
Igor de la Sota
+34 914 321 439
Hilco Iberia, Velázquez 27, 1º Ext Izq, 28001 Madrid