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2012年1月2日星期一

Boot Barn sold to private equity fund

Monday, December 26, 2011
BY CHRIS SIEROTY
Marwit Investment Management LLC has sold Western apparel retailer Boot Barn to another private equity fund for an undisclosed price.
The transaction, which includes four outlets in Southern Nevada, is the first sale by Marwit’s second fund, Marwit Capital Partners II. The $184 million fund typically invests in businesses with revenues of $20 million to $200 million, with a focus on investments in California and the West Coast.
Marwit acquired the Irvine, Calif.-based retailer in 2007 in partnership with the retailer’s CEO, Patrick Meany.
“The management team at Boot Barn … executed the growth plan and Marwit’s vision for this business virtually flawlessly during our tenure as owners and helped Marwit drive a superior investment result,” said Chris Britt, Marwit’s managing partner. “This was particularly noteworthy considering it was accomplished during a challenging economic period.”
During its ownership, Marwit oversaw three acquisitions that added 45 stores, the opening of 13 new locations and an expanded retail footprint from three to eight states.
The buyer is Freeman Spogli & Co., which focuses on retail services, distribution and consumer products.

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2011年12月30日星期五

Weekly Travel Deals on VEGAS.com

LAS VEGAS, NV–(Marketwire -12/27/11)- The travel experts at VEGAS.com, the world’s number one city travel website with the top Las Vegas Hotels and Las Vegas Shows, have outlined some of this week’s exclusive and limited-time only travel deals.
Rio All Suites: Las Vegas Hotel and Casino — 20% Off Your Stay plus Two-for-One DealsBook a room marked with the 20% Off Your Stay plus Two-for-One Deals offer at Rio All Suites: Las Vegas Hotel and Casino for a minimum of two nights between now and Feb. 28, 2012, for stay dates between now and Feb. 28, 2012, and receive 20% off your stay. As an added bonus, guests will receive two-for-one deals to enjoy during their visit.
Details at VEGAS.com.
Trump International Hotel and Tower — Up to 25% Off Your StayBook a room marked with the Up to 25% Off Your Stay offer at the Trump International Hotel and Tower between now and March 30, 2012, for stay dates between now and March 30, 2012, and receive up to 25% off your stay. This is a nonrefundable rate.
Details at VEGAS.com.
David Copperfield — Save $22 Per TicketFor a limited time only, save $22 per ticket when you book select David Copperfield tickets on VEGAS.com.
Details at VEGAS.com.
About VEGAS.comVEGAS.com is the largest city destination travel website in the world with extensive, constantly updated information and a full range of travel products including Las Vegas hotels, Las Vegas Air & Hotel Packages, Las Vegas shows, tours and golf. A state-of-the-art contact center provides customer support, expert information and sales 24 hours a day, seven days a week, 365 days a year to complement the information on www.VEGAS.com. VEGAS.com, through its Casino Travel & Tours unit, operates retail and concierge desks at more than 50 locations including the Palms, Paris, Harrah’s, Bally’s, Excalibur, New York-New York, Luxor and more. The company also offers a variety of excursions including city tours, the Hoover Dam and the Grand Canyon. VEGAS.com is a member of the Greenspun Family of Companies, privately owned and operating in Southern Nevada for more than 60 years.

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