New Equity Firm Seeks Retail Targets
GDA Staff -- Gifts & Dec, July 16, 2007
A partnership of retail industry and asset management specialists has formed Golden Acquisition LLC, a private equity firm that will focus on investing in, acquiring and growing retail and consumer brands.
Golden Acquisition, formed by the principals of Hudson Capital Partners, will operate separately from Hudson Capital's asset disposition business.
James Schaye," managing partner of Golden and ceo of Hudson, said, "We see numerous compelling opportunities to acquire and further develop great retail brands, enhancing their performance and building value through investments in growth and active management of their businesses."
Schaye began his career with Raymond's Department Store, his family's business, then worked for Federated Department Stores in several capacities. Before founding Hudson, he spent 15 years with Gordon Brothers and Schottenstein Corp., specializing in strategic store closings, asset recovery of inventory, fixtures, and real estate.
Golden Acquisition is a co-investor in the recent purchase of Norwood, Mass.-based Domain Home, a 26-store chain of furniture and home fashions, along with Synergy Enterprises.
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