J.McLaughlin Receives Equity Investment
Summary
J.McLaughlin, a New York-based American clothing and accessories brand for women and men, has received an equity investment of undisclosed amount.Investors include JH Partners and the Highland Consumer Fund, which are acquiring a majority interest in the company.They will help the company expand the brand to consumers across the United States and internationally.Moving forward, the existing management team, which includes co-founders and brothers Jay McLaughlin and Kevin McLaughlin, as well as Steven Siegler, CEO, will continue in its current role and will retain a minority interest in the business.The current store base includes locations on Worth Avenue, Palm Beach; Madison Avenue, New York City; Lexington Avenue, New York City; East Putnam Avenue, Greenwich; M Street, Georgetown; and Charles Street, Boston; with new locations in Lake Forest, Illinois; Birmingham, Michigan; Kiawah, South Carolina; Ft. Lauderdale, Florida; among others.