Photo credit: www.broadwayworld.com
In a significant transition, Capezio, a renowned dancewear brand, is changing ownership after more than one hundred years of operation by the Terlizzi family. According to WWD, the company has been acquired by Argand Partners LP, a private equity firm based in New York. Details regarding the financial terms of the acquisition have not been publicly disclosed.
Founded in 1887, Capezio has built a reputation for designing and manufacturing high-quality dance apparel, footwear, and accessories tailored for performers of all levels.
The Terlizzi family, who have overseen the brand since its inception, will maintain a stake in the company, with some family members, including Michael Terlizzi, the current CEO, continuing to play active roles within the firm.
Argand Partners aims to foster growth within Capezio while honoring its heritage. Plans set forth by the firm include the development of innovative products, establishing collaborations, and forging licensing agreements, all intended to strengthen ties within the broader dance community.
“Our strategy focuses on preserving the deep-rooted family legacy and company culture while modernizing operations to ensure long-term success,” stated Argand.
For more on this development, you can read the original article on WWD.
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Source
www.broadwayworld.com