Established Incorporated Announces Strategic Joint Venture with ACI Licensing to Expand Portfolio into Premium Lifestyle Sector
Established Incorporated and ACI Licensing formed a joint venture holding four women's lifestyle brands.
Established Incorporated formed a joint venture with ACI Licensing that took ownership positions in four women's lifestyle brands. The joint venture holds full ownership of Badgley Mischka, C&C California, and Kay Unger, and a 71 percent stake in RACHEL Rachel Roy, with Rachel Roy retaining 29 percent. The joint venture is owned 51 percent by Established and 49 percent by ACI Licensing, and ACI continues to run day-to-day operations and its manufacturer and retailer relationships.
Established is headquartered in Houston. Crosstimbers supported the transaction as one of three equity partners alongside Ares Management and Morgan Stanley Investment Management, with debt financing from Huntington Bank. Crosstimbers first invested in Established in May 2022.