Ricardo Beverly Hills Acquires Stephanie Johnson

KENT, WA – Ricardo Beverly Hills has acquired Venice, CA-based Slim Inc./Stephanie Johnson, creator of stylish cosmetic cases and travel accessories. Ricardo Stephanie Johnson ChelseaBeverly HIlls is known for its line of luggage and travel accessories.

The acquisition will enable Ricardo Beverly Hills to compete in the higher-end travel accessories market and further strengthen its position in the category.

“I started this business 16 years ago with a vision to create a stylish haven for all of the travel essentials a woman needs to make her look and feel beautiful. To fulfill this vision, I needed to find the right partner to help achieve the next level of growth and scale. I believe the opportunities for Stephanie Johnson under the Ricardo Beverly Hills umbrella are endless and I look forward to continue building the brand that our loyal customers have to come know and love with renewed energy and creativity,” Johnson said.

Stephanie Johnson will continue to operate independently with Ms. Johnson leading the brand as president. Some of the company’s current employees will continue to run the day-to-day operations.

“We believe in Ms. Johnson’s vision and are excited to welcome Stephanie Johnson to our portfolio. Stephanie Johnson is unique and has enormous potential as a travel accessories brand,” commented Paul Sarazin, president, Ricardo Beverly Hills.

GDA Staff | News & Commentary

Gifts and Decorative Accessories delivers the latest gift and toy industry news, new product introductions, important consumer trends, store operation solutions, trade show news, technology updates and much more.

Featured Video

  • Randy Eller on Business & M&A Activity in 2017

    Camera Icon More Videos