Investcorp acquires US kitchenware retailer Sur La Table
- Bahrain: Tuesday, September 20 - 2011 at 10:22
- PRESS RELEASE
Investcorp, the asset management firm specializing in alternative investments, announced that it has acquired Sur La Table, a leading US kitchenware retailer that is also a lifestyle brand offering its customers high quality products and equipment, as well as information and skills, relating to cooking and entertaining.
Sur La Table provides a broad selection of the best culinary brands and an assortment of innovative kitchenware products through 86 stores across the United States. It positions itself as an authority on all things cooking related, reaching its cooking enthusiast customers through a variety of channels each of which is a profitable platform in its own right. These include the retail stores, its website, a catalogue and social media such as Twitter and Facebook. In addition to selling kitchenware, the company provides fashionable cooking classes, running the largest culinary instruction program in the United States which teaches over 100,000 cooking enthusiasts a year. The stores also host book signings by some of the world's most famous chefs including Mario Batali, Bobby Flay, Jamie Oliver, Rachael Ray and Martha Stewart.
Mazin Al Khatib, Managing Director at Investcorp and regional head for the United Arab Emirates, said: "We believe that Sur La Table is poised to achieve significant growth, supported by its solid positioning in its existing markets, widespread geographical presence and successful online platform. We look forward to working with Sur La Table's management team and being part of its future growth story."
Jack Schwefel, CEO of Sur La Table, said: "I am very excited about our new partnership and our future growth opportunities with Investcorp. Sur La Table is the leading destination for those with a passion for cooking and a love for food, and will maintain the values that reflect our character and commitment to our customers, our employees and the communities in which we live and work."
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of Mediaquest FZ LLC. Mediaquest FZ LLC is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.