Skip to content Skip to navigation

Insight, Ksubi owner receives private equity investment after struggles

Print Friendly and PDF
  • The Insight booth at Surf Expo in 2012

The Bleach Group, the Australian company that owns the Insight and Ksubi brands, has received a capital infusion from a U.S. private equity firm.

Bleach said Wednesday that Breakwater Investment Management, a private equity firm based in Los Angeles, has invested into a new corporate entity that houses the Ksubi, Insight and Something Else brands after the previous corporate owner went into voluntary administration in Australia.

Voluntary administration is somewhat similar to bankruptcy reorganization in the U.S.

Bleach said the main reason it went into voluntary administration was the closure of its Asia-based sourcing factory in May.

Bleach has secured new factory arrangements and the supply of Insight and Ksubi apparel is expected to resume this month.

“The restructure was necessary to ensure the future of the Ksubi and Insight brands and more than 100 jobs globally and we can now look forward with confidence,” Bleach Group CEO Mark Byer said in a press release. “The need for a voluntary administration, which we attribute mainly to China supply chain problems, is regrettable. However, the outcome is a positive one for the Ksubi and Insight brands, our domestic and international employees, contractors and sub-contractors, retail and wholesale distribution partners, and the wider Australian fashion industry.”

Breakwater Managing Partner Saif Mansour said the firm’s investment creates a platform for expansion.

“The Bleach portfolio of brands has a proven history of success and increased customer adoption around the world,” he said in a press release. “We view this investment as a platform for accelerated expansion, both within the current brand portfolio and by adding further brand assets. We are delighted to be working with Mark Byers and his highly experienced management team in furthering the company’s exceptional prospects.”

 

OUR SPONSORS

OUR SPONSORS

More news

Last updated: : 09/23/2016 - 09:10

Reef will launch several new initiatives for Spring, including a new leather sandal push

Last updated: : 09/22/2016 - 01:12

The brand is making a big investment in the skate community of Boise, Idaho. Founder Johnny Schillereff talks to us about the move.

Last updated: : 09/20/2016 - 08:27

Billabong wants to help retailers increase sales per square foot, and built a private concept shop to work with retailers on that goal. Plus, the brand's big swim push.

Last updated: : 09/19/2016 - 09:51

Could ComplexCon, which will merge art, food, fashion, music, design, retail and more, influence trade shows in the future?

Last updated: : 09/16/2016 - 10:03

A visit and photos of the newly expanded Disney Springs, formerly Downtown Disney, in Orlando

Last updated: : 09/14/2016 - 14:48

Adidas is the hottest brand around at the moment, which is helping Foot Locker and hurting Journeys

Last updated: : 09/13/2016 - 06:42

Cherokee Global Brands also provided details about future plans for each brand during its earnings conference call

Last updated: : 09/13/2016 - 11:36

Chris Bernard's territory encompasses all of the West Coast from Alaska to San Diego

Last updated: : 09/13/2016 - 07:05

Zohar Ziv spent many years at Deckers Brands

Last updated: : 09/12/2016 - 06:33

Eric Crane spent four solid weeks visiting East Coast retailers, selling sunglasses to shop customers and bonding with store owners. We talk with him about what he learned about Electric -  and the industry - during his road trip.