ENFR

Bright Fame Fashion and Thakoon

September 2015

Bright Fame Fashion Limited, the Hong Kong based family investment vehicle led by Vivian Chou, has acquired the Thakoon brand. Vivian is the daughter of billionaire textile mogul Silas Chou, who was a former investor in Tommy Hilfiger and Michael Kors. Thakoon is the eponymous upscale clothing line of the designer Thakoon Panichgul who has designed ready-to-wear for first lady Michelle Obama among other public figures and celebrities. He also recently designed collections for GAP and Target. As part of the deal, Panichgul will continue in his role as chief creative officer and Maria Borromeo will remain chief executive officer of Thakoon USA.

The Chou family takes a strategic approach to their fashion investments, which have been few and far between. Silas Chou is best known for transforming struggling entities like Tommy Hilfiger in 1989 and Michael Kors in 2003 into billion-dollar powerhouses.

Beginning in early 2016, the company plans to adopt the buy-now wear-now operating model, whereby new styles will be introduced on a continuous basis rather than adhering to the traditional fashion calendar. While this real time fashion model has been successfully adopted in the mass and contemporary spaces, it has not yet been tried for designer level apparel.

Ohana & Co. acted as the exclusive advisor to Thakoon LLC and its shareholders.

Related Transactions

KIT digital (Czech Republic, USA), a leading global provider of cloud-based video asset management solutions listed on the NASDAQ (KITD), has acquired Kewego, the French leader in B2B video in Southern Europe. Ohana & Co. acted as the exclusive financial advisor to Kewego and its shareholders (founders, Banexi Ventures and CDC Entreprises).

Read more

TPR Holdings, the New York based investor and operator of beauty and consumer brands, has acquired a controlling interest in CARGO Cosmetics, the Canadian color cosmetics brand for makeup professionals and consumers. Ohana & Co. acted as the exclusive financial advisor to TPR Holdings.

Read more

With six stores and a burgeoning e-commerce business that accounts for half of total sales, Bandier has influenced the ath-leisure category since opening its first store in the Hamptons in the summer of 2014. From the start, husband-and-wife founders Jennifer Bandier and Neil Boyarsky offered stylish activewear from an assortment of global brands. To build a loyal customer following, the retailer hosts talks, special events and on-site fitness classes. Accessories, footwear and limited-run products are also part of the company’s assortment.

Headed by cultural entrepreneur and K11 founder Adrian Cheng, C Ventures is a new venture capital fund that focuses on connecting emerging fashion, media and creative businesses for the next generation. With an expanding portfolio, C Ventures strives to map out a cultural ecosystem to meet the fast-changing needs of global millennials and Gen Z. C Ventures also benefits immensely from Cheng’s expansive scope of businesses in China and Asia, which include world’s largest jewellery chain Chow Tai Fook, cultural enterprise New World Group, world’s first museum-retail concept K11, international hospitality group Rosewood Hotels & Resorts, luxury fashion distributor Luxba and leading Chinese media group Modern Media. C Ventures was founded in 2017 and is currently managed by Cheng and his business partner Clive Ng.

Ohana & Co. acted as exclusive financial advisor to C Ventures.

Read more