Arcapita Acquires Bijoux Terner
Staff Staff -- Furniture Today, March 2, 2006
Atlanta — Private equity firm Arcapita Inc. completed a $90 million acquisition of Bijoux Terner, designer and supplier of fashion-forward accessories to the travel retail channel.
Bijoux Terner operates more than 370 retail locations around the world, including locations in airports, hotels and entertainment venues, as well as on cruise ships. Merchandise includes watches, jewelry, handbags and soft goods, all offered at the same unit price of $10.
“Bijoux Terner’s fashion-forward design capability and product line breadth at an affordable single price point has been successful in expanding the market in a shopping environment that has traditionally focused on high-income customers,” said Stockton Croft, director of Arcapita. “Considering the company’s existing relationships with eight of the top 10 global travel retail operators, we believe the opportunities for further growth are extensive,” he said.
Added Bijoux Terner President and CEO Moni Terner: “We are very proud of the global scale we have been able to achieve with our Luxury At $10 concept. We felt this was a good time for a partnership with Arcapita … we look forward to taking our company to the next level together.”
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