04 Aug Riveria Investment Group Exits Jessica’s Factory Outlet, LLC
New York, NY – May 15th, 2015 – Riveria Investment Group announced today that it has sold Jessica’s Factory Outlet to a private investor group. Riveria made an initial investment in Jessica’s in August of 2011, and worked closely with the management team during its ownership period.
About Jessica’s:
Jessica’s Factory Outlet, LLC (http://www.jessicasoutlet.com) is a leading distributor of contemporary branded apparel to the off-price market. Founded in 1980, Jessica’s offers the largest customer base in the off-price market access to over 2,000 styles of contemporary branded apparel, including premium denim, knits and wovens, action sportswear, footwear and accessories for men, women and children. Leveraging over 30 years of experience and relationships in the off-price market, Jessica’s offers its brand partners merchandising capabilities, logistical expertise, and access to the largest customers in the off-price market helping to manage their brand in the channel and increase the profitability of their business.
About Riveria Investment Group:
Riveria Investment Group, headquartered in New York, NY, is a growth focused private equity firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria’s private equity efforts emphasize growth and value-added strategies to generate strong returns. Riveria actively engages in the operations of portfolio companies by collaborating with management and implementing executive operating partners to grow its investments. Riveria Investment Group’s website is: www.riveriagroup.com