Sun Capital could possibly expand the chain, found in majoroutlet centers across the country, says Matthew Garff, VP of theBoca Raton, FL-based firm. "In think there's growth potential," hesaid. "Levi Strauss is a fabulous brand, and we think we can makethese stores very profitable."
Sun Capital operates the stores through a licensing agreementwith Levi Strauss & Co. Levi also owns a handful of their ownoutlet stores in the US, Garff says. The stores will be run underSun Capital's Most division.
Sun Capital has been busy in the retail world over the last fewyears. In September the firm, along with Cerberus CapitalManagement, L.P., Lubert-Adler and Klaff Partners, L.P., bought the257-unit discount-department store chain Mervyn's. Sun Capital alsoowns Bruegger's Bagels, Media Play, Sam Goody and other retailchains.
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