Overview
- Financial terms of the deal were not disclosed by the companies.
- CEO Tony Evans and the senior team will remain in place, while founder Harvey Jacobson plans to retire once the transaction closes.
- Gola is the flagship alongside heritage labels Lotus, Ravel and Frank Wright, and the group licenses Dunlop and Lonsdale.
- Recent filings show £36.4 million in revenue and £3.94 million in pre-tax profit, with distribution to retailers including John Lewis, Selfridges, Urban Outfitters, Nordstrom and Bloomingdale’s.
- MCPU, created in 2023 and led by Shana Randhava, aims to scale legacy brands alongside RGB’s Dearfoams and Baggallini, and people familiar said job retention and investment commitments shaped the choice of buyer.