Winston will absorb nearly all of the 2,000 people that work for Randa's Market Connect Group division. By Jean E. Palmieri on January 10, 2020 Randa Accessories, the largest men’s accessories manufacturer, has grown to the point that it can no longer effectively service other brands through its MCG: Market Connect Group subsidiary. So it made a deal to sell the third-party arm of the company to a friendly competitor: Winston Retail. MCG, which Randa acquired 20 years ago, provides in-store services such as merchandising, visual display and replenishment to thousands of retail doors across the U.S. When it started, a small team provided these [...]
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Randa to sell MCG to focus on $1 Billion core business; Winston to become North American leader in visual merchandising and retail experience. NEW YORK CITY, January 10, 2020// - - Randa Accessories, a global leader in apparel and accessories, has entered into an agreement to sell the external part of MCG: Market Connect Group, its third-party in-store service division, to Winston Retail. The transaction is expected to close on or around January 31, 2020. MCG’s internal division will continue to provide in-store brand and product service for Randa and its affiliates. Twenty years ago, Randa acquired MCG: Market Connect Group, to provide in-store services for [...]
From WWD: The purchase creates a company with more than 4,000 employees providing in-store services. By Jean E. Palmieri on March 4, 2019 Market Connect Group, America’s largest provider of in-store services for general merchandise retailers, has acquired Merchandise Management Co. Terms were not disclosed. MCG is an affiliate of Randa, MCG provides retailers and brands with a comprehensive range of services including product merchandising, visual display, on-site demonstrations, dedicated brand ambassadors and market intelligence. Merchandise Management Co. has more than 40 years of experience in the visual merchandising field and employees around 1,000 people in the U.S. “With this [...]