TSM Capital said it has acquired an equity stake in the UK-based luxury fashion house, Matthew Williamson Holdings Ltd. Matthew Williamson's current equity partners, Baugur Group, which invested in the company in 2006, will maintain a significant equity interest in the business. TSM Capital made the investment in collaboration with the Aronsson Group. Matthew Williamson and Joseph Velosa, the company's founders, between them retain the majority stake in the company.
The newly introduced strategic capital will be invested to further grow the Matthew Williamson brand and business. This will be accomplished through global expansion with improved infrastructure, new product categories and flagship stores in key locations around the world. As part of this effort, the first free-standing Matthew Williamson flagship boutique in the US is slated to open in NYC, in the first half of 2008.
The Matthew Williamson brand which was established in London in 1997, opened its flagship boutique in the Mayfair section of London in 2005. The store received industry acclaim for its award-winning design. The company currently has a customer portfolio which includes 160 prestigious wholesale accounts around the world.0
Matthew Williamson, the chief designer and creative director commented on the venture by saying: "I am thrilled by this deal and cannot wait to see the realisation of the plan that we have put together for the future of Matthew Williamson over the next 5 years ... "
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