Eton Transitions to New Ownership for Expansive Growth

Eton Begins a New Chapter Under New Ownership
Eton, the renowned Swedish luxury menswear brand, embarks on an exciting development journey as it transitions to a new long-term private investor consortium. This marks a significant update in the company’s evolution, following its tenure under the ownership of EQT.
Achievements Under EQT's Leadership
Throughout its time with EQT, Eton has undergone substantial changes that have enhanced its omnichannel capabilities. The company has successfully broadened its product portfolio, ventured into new markets, and fortified its digital infrastructure, all while prioritizing sustainability.
Investment in Digital Transformation
Eton has shifted towards a modern omnichannel business model, reinforcing both its direct-to-consumer and wholesale operations across Europe, North America, and select markets in Asia and the Middle East. This pivotal transformation includes significant investments in digital infrastructure to meet evolving customer needs.
A Strong Management Team for the Future
With the backing of the newly formed consortium and the support of existing lenders, Eton's management team, guided by CEO David Thörewik, is set to further develop the Eton brand. The consortium consists of experienced members in building global premium brands, which will significantly benefit Eton as it continues its journey.
The Heritage of Eton
Established in 1928 and headquartered in Gånghester, Sweden, Eton boasts a rich heritage in crafting high-quality shirts and has broadened its menswear offerings. Its products are distinguished by premium quality that resonates across more than 50 countries worldwide.
Future Perspectives and Commitment
David Thörewik articulated the company's commitment to its legacy, stating, "Eton was founded on nearly a century's worth of craftsmanship and a commitment to quality and style, a heritage you can touch and feel in every product. As we enter a new chapter of our journey, we are excited about broadening our reach and sharing our love for timeless style with even more men globally." He emphasizes the strategic direction and investment potential provided by the consortium.
Acknowledgments and Future Aspirations
Albert Gustafsson, a Partner within the EQT Private Equity advisory team, expressed gratitude towards the management and employees during this transition, highlighting Eton's transformational journey. He stressed the importance of a long-term, sustainable solution for the company and its lenders, creating an optimistic outlook for future growth.
Frequently Asked Questions
What changes are happening at Eton?
Eton is transitioning to new ownership under a private long-term investor consortium, allowing for potential growth and expansion.
How did Eton perform under EQT's ownership?
During EQT's ownership, Eton enhanced its omnichannel presence, expanded its product line, and strengthened its digital capabilities.
Who will lead Eton after the ownership change?
The management team led by CEO David Thörewik will continue to oversee the company's strategy and development.
What is Eton's heritage?
Eton has a rich history dating back to 1928, specializing in high-quality shirts and expanding its menswear offerings globally.
What are the future plans for Eton?
With new backing, Eton aims to invest in growth while maintaining its commitment to quality and style in menswear.
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