Joseph Ribkoff secures new investments for global expansion and innovation

Joseph Ribkoff, a leading designer, manufacturer, and international wholesaler of women's apparel, has announced a significant new round of investments from long-term investors Novacap and Fonds de solidarité FTQ, and new investor DNA Partners. This strategic capital infusion, along with Scotiabank/Roynat Capital as a new lender, supports Joseph Ribkoff's growth trajectory and future vision.

Transaction snapshot

  • Deal value: N/A
  • Deal multiples: N/A
  • Deal type: Development capital
  • Investors: Novacap, Fonds de solidarité FTQ, DNA Partners

Founded over 65 years ago and headquartered in Montreal, Joseph Ribkoff employs over 500 people across 40 offices and showrooms worldwide. The brand is present in over 3,400 retailers in more than 60 countries. In 2019, the company opened a European manufacturing and distribution facility to complement its existing operations in Quebec, where most of its design, manufacturing, and commercialisation activities take place.

Under the leadership of Emmanuel Amzallag, appointed as CEO in early 2023, Joseph Ribkoff has made significant advancements, investing in cutting-edge technology and undergoing a strategic repositioning following changes in consumer demand due to the COVID-19 pandemic. These efforts have strengthened the brand's market position and commitment to sustainability, innovation, and excellence in the women's apparel sector.

Dominic Mancini, Senior Partner at Novacap, expressed enthusiasm about Joseph Ribkoff's growth prospects and ability to leverage its global brand. Emmanuel Amzallag, CEO of Joseph Ribkoff, emphasised the brand's focus on delivering compelling collections, optimising operations, and better serving partners globally while making Joseph Ribkoff a great place to work.

Daniel Labrecque, Co-founder and CEO at DNA Partners, commended Joseph Ribkoff's vision, strategic investments, and growth potential, noting the company's strengths in its values of Passion, Partnership, and Persistence, combined with a commitment to creativity and innovation.

This new investment phase from Novacap, Fonds de solidarité FTQ, and DNA Partners highlights Joseph Ribkoff's enduring legacy and commitment to excel as a leader in the global fashion industry.

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