Onward Holdings, the listed Japanese luxury group, has acquired a controlling stake in Charlotte Olympia, the iconic British footwear and accessories label. This acquisition is part of an expansion plan that aims to accelerate Charlotte Olympia’s growth within Europe and Asia. Ohana & Co. acted as exclusive financial advisor to Onward in this transaction.
Founded in 2008, by Charlotte Dellal, Charlotte Olympia is known for creativity, craftsmanship and femininity. The brand has established itself as a global luxury player with designs influenced by Hollywood cinema glamour and movie stars from the 1940s and 50s.
Charlotte Olympia Dellal said “We are proud to welcome OLG as a strategic partner to Charlotte Olympia and are excited to have a partner that shares the brand’s passion for creativity, innovation and the highest standards of craftsmanship”.
“OLG has a proven track record in developing global brands and businesses. This will help Charlotte Olympia to continue to grow its luxury presence on a global basis”, added Bonnie Takhar, Charlotte Olympia’s President.
“We have followed the incredible success of Charlotte Olympia for some time and admired the brand’s ability to become one of the most innovative global players in the shoe industry” said Franco Penè, chairman of Onward Luxury Group.
Charlotte Dellal, founder and creative director, and president Bonnie Takhar will continue to helm the company.