Exclusive Financial Advisor to Opening Ceremony on Minority Recapitalization with Berkshire Partners
Opening Ceremony, a fashion brand and retailer centered around the discovery and sharing of brands and ideas from around the world, retained Financo to help secure a partnership that would provide strategic capital for expansion. With a full men’s and women’s apparel and accessories line, a global retail chain, as well as a multi-label showroom, Opening Ceremony has a 360 degree approach to fashion. What began as a single store on a quiet street in downtown New York, Opening Ceremony evolved into a global community with retail outposts in New York, London, and Los Angeles, multiple stores in Tokyo, a global e-commerce and editorial destination, a wholesale designer showroom and a publishing division.
Relying on our insights into the consumer-oriented financial sponsor community, Financo drove a competitive process with multiple parties. Our experience, leadership and methodical execution helped the founders of Opening Ceremony achieve their personal and financial objectives.