Ricardo Beverly Hills Acquires Stephanie Johnson
February 3, 2016,
KENT, WA – Ricardo Beverly Hills has acquired Venice, CA-based Slim Inc./Stephanie Johnson, creator of stylish cosmetic cases and travel accessories. Ricardo Beverly 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.
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.
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