Middle West Partners acquires Paul Stuart

Luxury menswear model Paul Stuart has been acquired by non-public funding group, Middle West Partners (MWP).

MWP partnered with attire producer, Peerless Clothing Inc. to amass the New York City-based trend model from Mitsui & Co., which has been with the model for greater than 50 years.

As a part of the deal, John Hutchison, former chief government officer of Bonobos, has been appointed the brand new CEO of Paul Stuart, in keeping with a press launch.

“The Paul Stuart name continues to resonate with a discerning client 87 years later, and we still see so much more potential for this luxury heritage brand,” mentioned Kevin Kelleher, managing accomplice of MWP.

“Our goal is to protect its unmatched quality and amplify its unique attributes on a global scale.”

Earlier this 12 months, MWP acquired excessive jewellery home, David Webb, because the non-public fairness agency appears to be like to increase its portfolio of manufacturers.

“Paul Stuart has been one of my family’s favorite brands for more than 25 years. It has a look that’s distinctly its own—when you walk down the street, you know it’s Paul Stuart,” mentioned co-founding accomplice at MWP, Michael Hamp.

“My father and now my brothers and I have worn Paul Stuart for as long as I can remember. It is both a privilege and honor to take on the responsibility of stewarding this brand.”