Fashion Investments and M&A

Date: May 2024
Buyer: The Brand Group
Target: Roksanda
Business: Luxury womenswear brand
Value: Undisclosed
Details: The Brand Group has acquired London-based luxury womenswear brand Roksanda from the newly-appointed joint administrators of the company, as part of a rescue deal for an undisclosed amount. The acquisition follows a winding up petition filed against the company by one of its creditors in the Business and Property Courts of the High Court on 9 April 2024, and the company’s formal appointment of the joint administrators on 10 May 2024, as a result of “recent volatile market conditions”. Roksanda Ilincic MBE founded the eponymous label in 2005, and it has been a firm favourite at London Fashion Week shows over the years since then. Roksanda Ilincic will remain as the brand’s creative director going forward, and it is understood that the acquisition has protected the jobs of the brand’s employees.