Hilco Acquires Portico and Under the Canopy Brands
June 20, 2013,
NORTHBROOK, Ill.-Hilco Brands has swung a deal to acquire the Portico and Under the Canopy brands from Portico Brand Group.
Financial terms of the transaction were not disclosed in a Hilco statement. The Portico brand encompasses a collection of eco-friendly merchandise that includes home and hotel furnishings, personal-care and beauty products. Under the Canopy is a brand for apparel, home, spa/hospitality and other textile-based products that use environmentally and socially responsible materials and manufacturing methods.
Hilco Brands is the brand-investment and -management division of Hilco Global, a private equity firm. Jeffrey Branman, Hilco Brands' managing director, said the two brands have "enormous growth potential. The eco-friendly, socially responsible products currently being manufactured and marketed by world-class licensees provide a solid platform for further growth."
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.