Investcorp buys Sur La Table
September 23, 2011-- Home Textiles Today,
Seattle - Upscale cooking and kitchenwares chain Sur La Table, was acquired by Investcorp, a Bahrain-based investment group. Terms of the transaction were not disclosed.
Investcorp acquired the 86-store retailer from the Behnke family and investment firm Freeman Spogli & Co., who both will remain investors. The Behnke family purchased the first Sur La Table store in 1995 and started the retailer's expansion.
Kevin Nickelberry, a managing director at Investcorp, said the company "has multiple opportunities for growth including new store expansion and e-commerce."
Related Content By Author
Pimacott: Proof Positive