Joseph Ribkoff Is A Renowned Name In The Fashion Industry

A Canadian leader in private equity, is proud to announce that it has partnered with Joseph Ribkoff shop online, one of Canada's leading fashion designers, by acquiring a majority stake in the company. Joseph Ribkoff is present in more than 64 international markets. NOVACAP is a leader in the Canadian private equity industry. The NOVACAP Industries IV Fund, along with the Fonds de solidarité FTQ, company executives, and NOVACAP Industries IV Fund founder Joseph Ribkoff, are all contributing to the financing of this transaction.

This new investment marks NOVACAP's maiden voyage into the realm of women's ready-to-wear as a market segment "Domenic Mancini, a senior partner at NOVACAP and the newly appointed chairman of the board of Joseph Ribkoff London, referred to the Quebec-based company as "one that has experienced strong growth in recent years and is present in several international markets." Joseph Ribkoff is located in Quebec. Joseph Ribkoff has a great deal of potential on both the national and the international levels, in our opinion. The company is prepared to advance to the next level, and as we have done many times in the past, our intention is to provide the necessary financial support in order to expedite the company's growth and expansion into new markets. This will be done in the same manner as we have done it in the past."

The individual who currently bears the name Joseph Ribkoff established the company that bears his name in 1957, when he was only 21 years old. It has grown into one of the most well-known brands of women's ready-to-wear in the Canadian market over the course of the years. It is now present in over 64 international markets, and it has adapted to new platforms while continuing to be true to the many different needs of modern women.

"According to the founder of the company, Joseph Ribkoff clothing, "We are operating in a highly competitive market, and while our growth has been strong over the past five years, we will benefit from NOVACAP's financial backing, expertise, and network to continue to grow and consolidate our leadership position." This statement was made despite the fact that our growth has been strong over the course of the past five years. Our day-to-day operations will not be affected in any way by this transaction, and we will continue to develop, as we always have, the best ready-to-wear collections and provide the best service to our customers through the continued commitment of our employees. This transaction is not expected to close until the end of the year ".

"Because of its ability to consistently cater to the requirements and preferences of customers, Joseph Ribkoff has been able to maintain its presence on international markets ever since the company was established sixty years ago. The Fonds de solidarité du Québec's desire to encourage the expansion of Canadian businesses into international markets is reflected in the organization's decision to make an investment in a company that serves as a flagship for the province's fashion industry ", offered some commentary Jean Wilhelmy, Senior Vice President of the FTQ's Natural Resources, Manufacturing, and Services Divisions.

WHAT IS KNOWN ABOUT JOSEPH RIBKOFF

Joseph Ribkoff has been designing innovative collections for women all over the world since 1957, and his headquarters are in Montreal. The company, which is now considered a pioneer in the fashion industry, both in terms of dictating trends and guiding women and styles, continues to innovate in order to meet the multifaceted needs of modern women. Joseph Ribkoff is recognised as not only one of the most prominent fashion designers in Canada but also in more than 64 international markets, despite the fact that the company is celebrating its 60th anniversary this year. Joseph Ribkoff's website can be accessed at www.josephribkoff.com for further details.

IN REGARD TO NOVACAP

Novacap is a prominent private equity firm in Canada, having been established in 1981. The company currently has $2.26 billion in assets under management. Since it was founded, the Company has been successful in raising more than $2.6 billion in capital. The unconventional investment strategy of Novacap, which is based on extensive operational knowledge and an active partnership with business founders, has been instrumental in assisting a wide range of investee companies in accelerating their growth and developing long-term value. Novacap is in a strong position to continue building world-class companies because it possesses an experienced management team as well as substantial financial resources. Please visit our website at www.novacap.ca for further details.

ABOUT THE FONDS DE SOLIDARITÉ FTQ

The Fund for the Solidarity of Quebec (Fonds de solidarité FTQ) is a development capital investment fund that invests the savings of residents of Quebec. The organisation had a net asset value of $13.1 billion as of the 31st of May in 2017, and through its current portfolio of investments, it has contributed to the creation and maintenance of 186,440 jobs. The Fonds is a partner in over 2,700 different businesses and has 645,664 different shareholders who are also savers.

Joseph Ribkoff dresses are well-known for their high-quality, trendy designs. However, like any other piece of clothing, they must be properly cared for to look their best. If you recently bought a dress from a Joseph Ribkoff online retailer, such as Gertrude Fashions, here are some tips for keeping your dress collection looking great for years to come.