Crombie & Fitch purchased by private investors
31 March 2022, Mumbai:
Crombie, the British heritage brand, has been purchased for an unknown value by a newly established corporation funded by private investors.
Crombie 1805 is directed by MD Gordon Ritchie, who has the support of a number of private investors.
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Brown Rudnick, in particular, counseled the acquirers. Gordon allegedly informed the media that he wants to give Crombie a fresh lease of life, as well as raise the heritage brand's global prominence.
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Gordon praised the company for its incredible history, saying it was gratifying to be able to carry on the tradition of one of the world's most recognisable companies.
Crombie & Fitch, established in London, is recognised for its jackets, suits, and fashion accessories.
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CREDITS: Apparel Resources.
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