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J.Mendel Receives Funding for Expansion Into Ready-to-Wear and Accessories from The Gores Group

>> J.Mendel Scores Investment to Fuel Expansion —Until now,  J.Mendel has been a independent, family-run business, but Gilles Mendel, the fifth generation designer for the brand, has just lined up an undisclosed, significant investment by Los Angeles equity firm The Gores Group. As part of the deal, Mendel, who describes his new role as “a substantial shareholder,” will remain the CEO and chief designer of the brand, and the investment will allow J.Mendel to continue expansion from its original iteration as a French fur house. In addition to the label's current offering of fur, evening gowns, and cocktail dresses, Mendel is considering categories like fur accessories, luxury outerwear, knitwear, suits, tops, daytime dresses, knitwear, as well as leather accessories, eyewear, and footwear. [WWD]

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