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 services to a small number of department stores. But MCG now employs some 2,000 people and is one of the country’s largest in-store service providers for general merchandise retailers, notably department stores.
Last year, Randa acquired the Haggar Clothing Co., bringing its reach to apparel for the first time and creating a $1 billion-plus company. Randa had first explored entering the apparel business when it tried to buy Perry Ellis International in 2018, but was ultimately unsuccessful.
As a result of the Haggar purchase, the decision was made to divest itself of the third-party services and retain around 200 people to work solely on Randa products and Haggar.
The remaining staff is expected to seamlessly be absorbed into Winston Retail over the next two
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 services to a small number of department stores. But MCG now employs some 2,000 people and is one of the country’s largest in-store service providers for general merchandise retailers, notably department stores.
Last year, Randa acquired the Haggar Clothing Co., bringing its reach to apparel for the first time and creating a $1 billion-plus company. Randa had first explored entering the apparel business when it tried to buy Perry Ellis International in 2018, but was ultimately unsuccessful.
As a result of the Haggar purchase, the decision was made to divest itself of the third-party services and retain around 200 people to work solely on Randa products and Haggar.
The remaining staff is expected to seamlessly be absorbed into Winston Retail over the next two
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