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Acquisition
| Investment Date: |
Dec. 2000
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| Revenue: |
$84M
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| Fenway Investment: |
$55M
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Value Creation
- Redirected marketing strategy to broaden product line and expand store base
- Completed strategic joint venture with Aber Diamond Corp. which provided:
- New management leadership
- Strategic sourcing of high-quality Canadian diamonds
- New capital infusion to accelerate expansion plan
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Harry Winston is a specialty retailer of high end diamond jewelry and luxury timepieces.
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Investment Profile
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- Timeless demand for high-end jewelry
- Growing affluence globally: US, Asia, Middle East
- The pre-eminent American luxury brand, synonymous with exquisite jewelry
- Loyal customer base
- Upgrade management talent to capture growth potential
- Reinvigorate marketing initiatives and expand store base
- Broaden product line and improve buying experience for high-end consumers
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Facts at a Glance
