Consortium Brand Partners Acquires Majority Stake in Draper James
September 7, 2023
Consortium Brand Partners (CBP), a consumer-focused investment manager, has acquired approximately a 70% majority ownership stake in Draper James, the fashion and lifestyle brand founded by Reese Witherspoon. Reese Witherspoon will remain a partner and board member and Draper James' existing management team will continue to lead operations as CBP supports expansion of product offerings, retail and wholesale distribution domestically and internationally.
- Buyers
- Consortium Brand Partners
- Targets
- Draper James
- Industry
- Consumer Products
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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