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March 4th, 2020
Private equity firm Oakley Capital has acquired a majority stake in Globe-Trotter, a British luxury luggage brand, from entrepreneur Toshiyasu Takubo.
As part of the transaction, Toshiyasu Takubo, who has developed the brand significantly in the Japanese market, will retain a minority stake in the company.
Globe-Trotter was founded in 1897 and sells suitcases which are made using original manufacturing methods and machinery. The business has also collaborated with premium brands including Hermès, Tiffany, Gucci, Berluti and Aston Martin.
The investment by Oakley will be used to strengthen Globe-Trotter’s position in the growing luxury travel luggage market through continued online and offline expansion and product innovation.
Peter Dubens, Managing Partner of Oakley Capital, said: “Globe-Trotter is an iconic British brand and we are delighted to invest in a company with such unique heritage. Oakley believes the brand is well positioned to become a truly global player in the luxury luggage market and is looking forward to partnering with Mr. Takubo and the company at this exciting stage.”
Toshiyasu Takubo, CEO of Globe-Trotter, added: “Having owned and developed Globe-Trotter for over 20 years, I am very happy to have found an experienced and supportive partner in Oakley to help accelerate the growth of the brand in the coming years. I look forward to being part of that journey alongside them."
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