TRIACTA AND LUDO ONNINK JOINTLY ACQUIRE MAJORITY STAKE IN FASHION BRAND VINGINO ERMELO, 13 March 2014 – Triacta, hands-on investor based in Baarn, The Netherlands, and Ludo Onnink have jointly acquired a majority interest in Vingino, the leading Dutch fashion brand for cool and quirky children’s clothing. The entire management team will be retained and will, together with the new shareholders, work on the further expansion and international growth of the Vingino business. Ludo Onnink, a private investor, will provide strategic and commercial counsel to Vingino and Vingino founder Ben Dekker will continue in his role as creative director.
Vingino was founded in 2001 and grew, following the success of its jeans line designed for kids, rapidly in the Netherlands. Within a few years, the collections were also sold abroad and were expanded from jeans only to include tops, non-denim, underwear, swimwear, accessories (including sunglasses) and footwear. From the beginning, Vingino has created its own unique identity by working exclusively with an in-house designer team. Distribution takes place via clothing stores, department stores (shop-in -shops, including in the Bijenkorf), webshops and owned outlet stores. Vingino currently employs approximately 50 staff.
Triacta will actively support the Vingino management team with the international expansion of the successful fashion brand that is renowned for its attractive price/quality ratio within the premium segment. The cool kids clothing is currently available in the Netherlands, Germany, Belgium, Scandinavia and Italy. Further expansion of the distribution to other European markets is foreseen in the next few years, and subsequently also to other parts of the world.
Ludo Onnink has been an executive with Tommy Hilfiger for 18 years, currently serving as its global Chief Operations Officer. He was involved with the start of the business in Europe in 1996 and helped grow the brand to a large worldwide player. Since 2010, Tommy Hilfiger has been part of PVH Corp., a NYSE listed apparel company with US$ 8.3 billion in yearly revenues, that also owns Calvin Klein. The Tommy Hilfiger Group recently announced that Onnink will step down from his current role at the end of April 2014 and will continue to work as an advisor for the company until April 2015. At the same time Onnink will be advising Vingino and other companies in the fashion industry.
About Vingino
Vingino the jeans label for kids. Fashionable, cool and quirky. With striking details and innovative washings, the brand offers every season a surprising collection of jeans. Besides denim Vingino also has an extensive collection of tops and jackets. Supplemented with underwear, swimwear, footwear, eyewear and accessories. Vingino clothing is for sale in the Netherlands, Belgium, Scandinavia, Germany and Italy. The Vingino group has an annual revenue of approximately € 40 million.
About Triacta
Triacta is an independent, hands-on investor targeting medium-sized enterprises that have their headquarters in the Benelux. Triacta provides financial resources and offers active support in a wide variety of areas, including strategy, operations and finance. These companies have a turnover ranging from € 10 million to € 100 million and a clearly verifiable and quantifiable growth potential.